Gold prices dropped more than 1% on Monday, as market participants awaited a key US inflation reading due later this week for interest rate cues. Spot gold was down 1.4% at $2,357.19 per ounce, while US gold futures fell 1.8% to $2,371, as easing fears of a wider Middle East conflict lowered bullion's safe-haven appeal. Prices rose as high as $2,417.59 in the previous session, a level not far away from a record high of $2,431.29 hit on April 12. Spot silver fell 3.2% to $27.72 per ounce, platinum lost 0.6% to $925.70, and palladium was down 1.7% at $1,008.62. Source: Qatar News Agency
Related Articles
Kuwaiti Oil Barrel Prices Decline $0.88
Kuwait’s oil barrel fell $0.88 to $77.79 per barrel in trade on Wednesday against $78.67 in trading on Thursday, according to Kuwait Petroleum Corporation (KPC) reported price.
In global markets, Brent crude futures fell $1.29 cents to set the settle…
CEO of Sweden’s FAM AB to QNA: HH the Amir’s Visit Gives Impetus to Bilateral Cooperation
HE the CEO of the Swedish investment company, FAM AB, Hakan Buskhe underlined that HH the Amir Sheikh Tamim bin Hamad Al-Thani’s visit to Sweden is a new step towards exploring more opportunities for cooperation between the two countries, and reflects…
QSE Index Loses 32.21 Points at Start of Trading
Doha: Qatar Stock Exchange index dropped 32.21 points, or 0.32%, at the start of trading on Wednesday, reaching 10,126 points, compared to yesterday’s closing.
QSE general index saw a rise in Industrials by 0.53%; Real Estate by 0.29%; Consumer Goods…