Gold prices firmed on Wednesday, heading for a monthly gain on the back of growing optimism about US interest rate cuts.
Spot gold was up 0.4% at $2,416.79 per ounce, and has gained nearly 4% for the month. US gold futures added 0.5% to $2,414.80.
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Oil futures rebounded more than $1 a barrel from 7-week lows.
Brent crude futures climbed $1.17, or 1.5%, to $79.80 a barrel, while the more active October contract was at $79.18, up $1.11.
US West Texas Intermediate (WTI) crude futures rose $1.15, …
Doha, July 31 (QNA) – Qatar Central Bank (QCB), on Wednesday, assessed the current monetary requirements of the State of Qatar and decided to maintain the current interest rates for QCB Deposit Rate, QCB Lending Rate, and QCB Repo Rate.
In a post on …
Doha, July 31 (QNA) – The general index of Qatar Stock Exchange (QSE) dropped 20.07 points, or 0.20 percent, at the beginning of trading on Wednesday, reaching 10,130 points, compared to yesterday’s closing.
QSE general index was weighed down by a de…