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European Stocks Close Higher as Precious Metals Sell-Off Eases

Muscat: European stock indices closed higher at the end of the first trading session of the new month, despite ongoing concerns about artificial intelligence and a easing of the precious metals sell-off that had impacted global markets. The pan-Europe…

Gold Rebounds More Than 2% After Market Sell-Off

Doha: Gold prices rose more than 2% on Monday, rebounding from a sharp sell-off triggered by market reaction to the nomination of Kevin Warsh to head the Federal Reserve. Spot gold climbed 2.2% to $4,767.33 per ounce, after falling to its lowest level…

Reserve Bank of Australia Raises Rates for First Time in Four Years

Sydney: Australia’s major banks have begun announcing rate rises following the Reserve Bank of Australia’s decision to hike interest rates for the first time in four years. The cash rate rose by 0.25 of a percentage point, meaning it now sits at 3.85%…