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Gold Prices Advance to Fresh Record High amid Fed Rate Cut Hopes

Gold prices are advancing to an all-time high on Friday as the dollar weakened amid prospects of a US interest rate cut next week.

Spot gold rose to $2,558.19 per ounce, after hitting a record high of $2,567.93 earlier in the session. Bullion has ga…

Kuwait Oil Prices Rise $1.01 per Barrel

The price of a barrel of Kuwaiti oil rose by $1.01 to reach $73.16 per barrel in trading yesterday (Thursday) compared to $72.15 in trading the day before yesterday (Wednesday), according to the price announced by the Kuwait Petroleum Corporation.

I…

US Imposes Significant Tariff Increases on Chinese Imports

The US administration announced Friday that it imposes significant tariff increases on Chinese imports, including a 100 percent tariff on electric vehicles, to enhance protection for strategic domestic industries.

The US Trade Representative’s Offic…