العربية

Business

Business

Gold Pauses Decline after Two-month Low as Traders Weigh US Fed Move

Gold prices steadied on Thursday after sliding to a two-month low in the previous session, as investors assessed the likelihood of another US Federal Reserve interest rate hike before year-end. Spot gold was little changed at $4,116.67 per ounce by 0625 GMT. On Wednesday, bullion prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed on the market. US ⁠gold futures were ⁠flat at $4,140.70.

Asharq Al-Awsat English

Business

Oil Rises as Middle East Supply Concerns Persist amid Shipping Attacks

Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz, while the US cut output as a hurricane menaced offshore production. Brent crude futures rose $2.28, or 2.28%, to $102.28 a barrel by 0427 GMT. US West Texas Intermediate (WTI) crude futures gained $1.66, or 1.88%, to $89.94.

Asharq Al-Awsat English

Business

إضاءة دبي

(SeaPRwire) – By: Julian Holbrooke The death of an eighty-seven-year-old tenant is not a mere statistical footnote in the ledger of urban economics. It is a structural failure of the social contract. Maria del Carmen Abascal did not die just from old age. She died in a Madrid hospital, broken by a legal and […]

إضاءة دبي

More