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Gold Prices Slip as Hopes for US Rate Cuts Diminish

Riyadh: Gold prices edged lower Monday, weighed down by receding hopes for a near-term US interest rate cut due to rising energy prices, while a weaker dollar helped limit the losses. Spot gold fell 0.2 percent to $5,007.58 per ounce. US gold futures …

Aluminium Bahrain Initiates 19% Production Capacity Reduction

Manama: Aluminium Bahrain (Alba) has announced a strategic move to shut down three of its aluminium smelting lines, which constitute 19% of its total production capacity, set at 1,623,000 metric tonnes per annum. This decision was revealed on Sunday a…