Gold prices fell Tuesday as the dollar rose, as traders await key US inflation data, which could indicate the size of the US interest rate cut next week. Spot gold fell 0.1% to $2,503.09 per ounce, while US gold futures were steady at $2,532.20. The dollar hit a one-week high Tuesday, making gold more expensive for holders of other currencies. Among other precious metals, spot silver fell 0.3% to $28.27 per ounce, platinum rose 0.5% to $942.45, and palladium rose 0.4% to $950.55. Source: Qatar News Agency
Related Articles
Qatari German Medical Devices Company’s Net Profit Decreases in H1 2024
The Qatari German Medical Devices Company’s Net Profit during the 1st half of 2024 has reached QR 861,846 compared to last year’s first half Net Profit of QR 1,562,282.
The company’s Semi-annual financial statement published on the Qatar Stock Exchan…
Oil Extends Losses on Expected OPEC+ Supply Boost
Oil prices extended losses on Monday on expectations of higher OPEC+ production from October while signs of sluggish demand in China and the United States raised concerns about future consumption growth.
Brent crude futures were down 56 cents, or 0.7…
Young entrepreneurs in Kuwait turn mere ideas into lucrative business
Many Kuwaiti youths have become less dependent on government jobs and turned their passions and dreams from a mere idea to a success story, launching from Kuwait then expanding regionally and internationally.
Kuwait News Agency (KUNA) interviewed amb…