Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key US inflation print.
Spot gold was up 0.5% to $2,513.77 per ounce, while US gold futures rose 0.4% to $2,546.80.
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Oil prices edged up on Thursday after two sessions of losses, with a smaller-than-expected draw in US crude inventories that sapped demand expectations.
Brent crude futures climbed 9 cents, or 0.11%, to stand at $78.74 a barrel, while US West Texas I…
South Korea’s SK hynix, the world’s second-largest memory chip maker, said Thursday it has developed the world’s first 16 gigabyte DDR5 chip using the sixth generation of the 10 nanometer chipmaking technology.
According to SK hynix, the new product …
US stocks ended lower at the end of the trading session on Wednesday.
The S and P 500 .SPX lost 33.30 points, or 0.59%, to end at 5,592.50 points, while the Nasdaq Composite .IXIC lost 198.79 points, or 1.12%, to 17,556.31.
The Dow Jones Industrial …
Doha: HE Minister of Finance Ali bin Ahmed Al Kuwari met with HE Minister of Economy of the Portuguese Republic Pedro Reis.
During the meeting, they discussed strengthening and expanding bilateral relations between the two countries, especially in th…
Doha: Qatar Central Bank (QCB) has issued treasury bills for maturities of 7 days, 35 days, 91 days, 182 days, 273 days, and 336 days worth QR 4.5 billion.
In a post on X platform on Thursday, the QCB said that the treasury bills issued were distribu…
Iraqi Prime Minister Mohammed Shia al-Sudani affirmed his country’s commitment to the Organization of the Petroleum Exporting Countries (OPEC) policy regarding oil production.
This came during the Iraqi Prime Minister’s meeting Thursday with OPEC Sec…
Damascus, Foreign Affairs and Expatriates Ministry followed up on Wednesday the proceedings of the regular meeting of Syrian ambassadors and heads of diplomatic missions on its 4th day at the ministry’s headquarters.
Foreign and Expatriates Minister …