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Oil Prices See Increase Amid Middle East Developments

Doha: Oil prices rose at the close of trading yesterday, while Brent crude was headed for a weekly loss of about 8 percent, pressured by developments in the Middle East. Brent crude futures climbed 66 cents, or 0.53 percent, to reach $80.38 a barrel, …

Gold Rises About 1.5%

Doha: Gold rose more than one percent Thursday, recovering from losses incurred in the previous session. Spot gold climbed 1.5% to $4,322.41 per ounce, after falling 1.7% in yesterday’s session, while US gold futures for August delivery rose 0.9% to $…

Dollar Holds Two-Month High on Rate Hike Bets

Doha: The US dollar clung to a more than two-month high on Thursday as markets reinforced expectations that the Federal Reserve will raise interest rates this year, weakening the Japanese yen and pushing it toward intervention territory. The euro last…