Day: July 31, 2024

Gold Prices Set for Monthly Gain on US Rate Cut Hopes

Gold prices firmed on Wednesday, heading for a monthly gain on the back of growing optimism about US interest rate cuts.

Spot gold was up 0.4% at $2,416.79 per ounce, and has gained nearly 4% for the month. US gold futures added 0.5% to $2,414.80.

S…

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Oil Futures Rebounds Over $1 after 7-Week Lows

Oil futures rebounded more than $1 a barrel from 7-week lows.

Brent crude futures climbed $1.17, or 1.5%, to $79.80 a barrel, while the more active October contract was at $79.18, up $1.11.

US West Texas Intermediate (WTI) crude futures rose $1.15, …

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QCB Maintains Current Interest Rates

Doha: The Qatar Central Bank (QCB) decided on Wednesday to maintain the current interest rates for QCB Deposit Rate (QCBDR), QCB Lending Rate (QCBLR), and QCB Repo Rate (QCBRR) following an assessment of Qatar’s current monetary policy.

According to…

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QSE Index Drops 20.07 Points at Start of Trading

Doha, July 31 (QNA) – The general index of Qatar Stock Exchange (QSE) dropped 20.07 points, or 0.20 percent, at the beginning of trading on Wednesday, reaching 10,130 points, compared to yesterday’s closing.

QSE general index was weighed down by a de…

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QSE Index Closes 3.59 Points Higher

Doha, July 31 (QNA) – The Qatar Stock Exchange (QSE) Index closed Wednesday’s trading session up by 3.59 points, or 0.04 percent, to reach 10,154.05 points.

During the session, 114,661,583 shares were traded, with a total value of QR 403,303,248.552,…

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