Market

Gold Prices Rise 0.4%

Gold prices extended gains on Thursday after the Federal Reserve signaled a potential end to its monetary tightening cycle could be on the horizon.Spot gold was up 0.4% at $1,976.80 per ounce, as of 0910 GMT. US gold futures gained 1.5% to $1,979.20.T…

Dollar Falls for Sixth Day

The dollar index, which measures the currency against six major peers, was last down 0.3%, on track for its sixth straight daily drop, its longest such streak since September 2021, after the Federal Reserve sounded close to calling time on interest ra…

The dollar index, which measures the currency against six major peers, was last down 0.3%, on track for its sixth straight daily drop, its longest such streak since September 2021, after the Federal Reserve sounded close to calling time on interest rate hikes. The Euro jumped to its highest level in seven weeks against the dollar, recording $1.0930, while Sterling hovered near a seven-week high after data showed a surprise rise in British inflation on Wednesday. The Australian and New Zealand dollars rose 0.8% and 1% respectively. Dollar/yen, which closely follows US yields, fell 0.5% after earlier hitting a six-week low of 130.41. Real Estate Trading Volume Exceeds QR 359 Million Last Week

The volume of real estate trading in sales contracts registered in the Real Estate Registration Department at the Ministry of Justice from March 12 to 16, 2023 reached QR 359,090,529.The weekly bulletin issued by the Department shows that the list of r…

5.6 Magnitude Earthquake Hits Northern Philippines

An earthquake measuring 5.6 on the Richter scale struck on Thursday Cagayan Province, in the northern Philippines.The Philippine Institute of Volcanology and Seismology reported that the epicenter of the quake occurred 17 km from Dalupiri Island in th…

Qatar Central Bank Raises Interest Rate

Qatar Central Bank (QCB) announced Wednesday a decision to raise the QCB Deposit Rate (QCBDR) by 25 basis points to 5.25%.In a statement on Wednesday, QCB also decided to raise the QCB Lending Rate (QCBLR) by 25 basis points to 5.75%. It was also deci…