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Gold Slips as Markets Eye Outcome of Fed Meet

Singapore, Gold prices fell on Tuesday with investors awaiting key US inflation data and the outcome of the Federal Reserves policy meeting for details of the central banks plans to cut interest rates against its inflation target.

Spot gold was down …

S. Korea’s Current Account Turns to Deficit in April

Seoul, South Korea logged a current account deficit in April, ending its 11th straight month of surplus due to a decreased trade surplus and dividend payments to overseas investors, South Korean central bank data showed.

The country’s current account…

Oil prices rise by about 3 % upon settlement

Baghdad: Oil prices rose by about three percent at settlement at the close of trading on Monday, recording their highest level in a week.

Brent crude futures increased $2.01, or 2.01 percent, to reach $81.63 per barrel upon settlement.

US West Texas…

Dollar Stabilizes Near Highest Levels

Tokyo, The dollar hovered near a one-month peak against the euro on Tuesday, as traders braced for crucial US inflation data and Federal Reserve interest rate forecasts Wednesday.

The dollar index, which measures the greenback against the euro, sterl…

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