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May 13, 2024

Gold Prices Tick Down as Traders Brace for Key US Inflation Data

Gold prices inched down on Monday as investors awaited key US inflation reports, which could shed more light on the timing of the Federal Reserve’s first rate cut.

Spot gold fell 0.2% at USD 2,354.77 per ounce. Prices hit a two-week high in the previ…

QSE Index Rises 0.11% at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 10.17 points, or 0.11%, at the beginning of trading on Monday, reaching 9,654 points, compared to yesterday’s closing.

The general index was supported by a rise in three sectors: Consumer Goo…

Dollar Steadies ahead of US Inflation Data

The dollar consolidated against other major currencies on Monday as traders waited for US inflation data that could help determine whether the Federal Reserve could lower borrowing costs in 2024.

The dollar index, which measures the US currency again…