Gold Hits All-time High on US Election Concerns

Gold hit an all-time peak on Wednesday as investors flocked towards the safe-haven metal less than a week before the US presidential election, while they awaited economic data for clues on the Federal Reserve’s rate stance.

Spot gold was up 0.2% at …

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Oil Prices Steady as US Crude Inventories Fall

Oil prices stabilized on Wednesday on industry data showing a surprise drop in US crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East.

Brent crude futures gained 21 cents…

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S. Korea’s New Car Sales Dips to 11-Year Low

New automobile sales in South Korea during the first nine months of the year fell over 8% from a year earlier amid high borrowing costs and a slowdown in global electric vehicle demand, South Korean industry data showed Wednesday.

According to the d…

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QSE Index Drops 42.28 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 42.28 points, or 0.40%, at the start of trading on Wednesday, down to the level of 10,548 points, compared to yesterday’s closing.

QSE index was weighed down by a decline in six sectors: T…

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Dollar Steady ahead of US Jobs Data

The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for US monetary policy.

The US dollar index, which measures the currency against six major rivals including the yen and euro,…

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