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Gold Prices Edge Higher

Gold prices edged higher on Friday, but were set for a weekly loss as investors looked forward to US Federal Reserve Chair Jerome Powell’s speech for more cues on the scale of a likely September rate cut.

Spot gold rose 0.2% to $2,488.74 per ounce. …

European Stocks Stable at the Open

European stock markets stabilized at the start of trading today. The European Stoxx 600 index rose by 0.1% to 516.28 points, after reaching its highest level this month in the previous session. The index is on track to rise for the third consecutive …

Omani Oil Prices Rise $1.47 a Barrel

The official price of Oman oil, for delivery in October, today reached $76.62 cents, up by $1.47 compared to yesterdays price (Thursday), which was $75.15. It is worth noting that the monthly average price of Omani crude oil for delivery in August re…

Oil Prices Rise More than 1 Percent As US Dollar Falls

Oil prices rose more than 1 percent Friday, as the US dollar fell.

Brent crude futures rose 95 cents, or 1.23 percent, to USD 78.17 a barrel, while US West Texas Intermediate (WTI) crude futures rose USD 1.06, or 1.45 percent, to USD 74.07 a barrel….

Oil Prices Rise More than 1 Percent As US Dollar Falls

Oil prices rose more than 1 percent Friday, as the US dollar fell.

Brent crude futures rose 95 cents, or 1.23 percent, to USD 78.17 a barrel, while US West Texas Intermediate (WTI) crude futures rose USD 1.06, or 1.45 percent, to USD 74.07 a barrel….

US Fed likely to cut interest rates

Jerome H. Powell, Chair, Board of Governors of the Federal Reserve, said that time has come for the monetary policy to adjust.

“Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than th…

Malaysia works on FTA with GCC countries – Minister

Malaysia’s Minister of Investment, Trade and Industry Tengku Zarful Abdul Aziz said on Friday that his country is holding talks on a free trade agreement (FTA) with the Gulf Cooperation Council (GCC).

A bilateral free trade agreement with the United…

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