Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big US rate cut this year. Spot gold was up 0.2% at $2,661.25 per ounce. Bullion hit a record high of $2,670.43 on Wednesday. US gold futures were steady at $2,684.50. A mild bounce from the US dollar has managed to keep the gold price in check, however with markets still anticipating more aggressive cuts from the Fed between now and year-end, Bullion has risen nearly 29% so far in 2024 and hit record highs several times this year, largely fuelled by monetary policy easing by major global banks and geopolitical concerns. Source: Qatar News Agency
Related Articles
Minister of Finance Meets Chairperson of Blackstone Group
HE Minister of Finance Ali bin Ahmed Al Kuwari met here today with Chairperson, CEO and Co-Founder of Blackstone Group, a leading asset management firm, Stephan Schwarzman.
During the meeting, they discussed key financial and investment developments,…
Qatar Development Bank Launches the 2024 SME Directory
Qatar Development Bank (QDB) continues its efforts to bolster the private sector and achieve economic diversification, aiming for a self-sufficient circular economy. One of QDB’s key initiatives in this endeavor is the “SME Directory” which aims to co…
UDC Earns International Recognition for Business Continuity, Resilience
Doha: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan islands, has been honored with the international Business Continuity Global award by the Continuity Insurance and Risk…