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Gold rises 1%, Reaches One-Week High

Gold prices rose Thursday, about 1 percent, approaching the highest level in a week.

Spot gold rose 0.8 percent to $2,514.79 per ounce, after hitting an all-time high since last week earlier in the session.

US gold futures rose 0.8 percent to $2,545…

Closing

Qatar News Agency is now closing its daily transmission for Wednesday, Sep. 4, 2024.

Source: Qatar News Agency

Crude Futures Settle Down by More than $1/bbl on Demand Fears

Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading.

Brent crude futures settled down $1.05, or 1.42%, to $72.70 a barrel. US West Texas Intermediate crude futures settled down $1.14, or 1.62%, at $69.20.

During the session, …

Hunger Reaches Highest Point in US in Decade

Hunger reached its highest point in the United States in nearly a decade last year, with 18 million households, or 13.5%, struggling at some point to secure enough food, US Department of Agriculture report released on Wednesday said.

Hunger has been …

Oil Prices Rise 1% As OPEC+ Delays Output Increase

Oil prices rose nearly 1% on Thursday, amid a larger-than-expected drawdown in US inventories and OPEC+ delaying an output increase.

Brent crude futures rose 89 cents, or 1.2%, to $73.59 a barrel, while US West Texas Intermediate (WTI) crude futures …

Dubai Chambers, China’s CCPIT Tianjin sign MoU

DUBAI: Dubai Chambers has signed a Memorandum of Understanding (MoU) with the China Council for the Promotion of International Trade Tianjin Sub-council (CCPIT Tianjin). The agreement aims to support the expansion of Chinese investors into Dubai and a…

Arab economic body convenes in Cairo

The 114th session of the Economic and Social Council of the Arab League at the level of ministers kick-started at the bloc’s headquarters in Cairo on Thursday, with the State of Kuwait participating.

The agenda embraces a host of key Arab economic a…

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