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August 20, 2024

Gold Prices Steady above $2,500

Gold prices held above the $2,500 mark on Tuesday, buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve’s last policy meeting for further cues on interest rate cuts.

Spot gold edged 0.1% higher to $2,…

China’s Central Bank Keeps Benchmark Lending Rates Unchanged

China’s benchmark lending rates were held unchanged for August, after the central bank lowered them in July.

The one-year loan prime rate was kept steady at 3.35% and the five-year rate was held 3.85%, according to a statement from the People’s Bank …

Dollar Hangs near Seven-Month Low on Rate Cut Bets

The dollar hung near a seven-month low on Tuesday on wagers the US central bank will start cutting interest rates from next month.

The dollar index, which measures the US currency against six rivals, touched its lowest since Jan. 2 of 101.82 on Tues…

Oman Oil Prices Down by USD 2.13

The official price of Omani crude oil, for delivery in October, reached on Tuesday USD 75.71 per barrel, a decrease of USD 2.13 compared with Monday’s price of USD 77.84 per barrel.

The monthly average price of Omani crude oil for delivery in August …