Gold prices stabilized on Thursday, after recording a high record in the previous session, as the Federal Reserve decided to significantly reduce interest rates. Gold stabilized at $2,562.85 per ounce, after rising to a record peak of $2,599.92 yesterday, Wednesday. US gold futures fell 0.4 percent to $2,587.40. The Federal Reserve began its monetary easing cycle yesterday with a larger-than-usual cut of half a percentage point. Federal Reserve Chairman Jerome Powell said that this aims to show policymakers' commitment to keeping the unemployment rate low after inflation declined. As for other precious metals, silver rose in spot transactions by 0.7 percent to $30.26 per ounce, platinum increased by 0.4 percent to $972.06, while palladium fell by 0.2 percent to $1,059.97. Source: Yemen News Agency
Related Articles
Masrour Barzani Discusses With The Iranian Ambassador The Differences And Problems Between Kurdistan And The Central Government
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, received today, Monday, the Ambassador of the Islamic Republic of Iran to Iraq, Muhammad Kazem Al Sadiq, and his accompanying delegation.
A statement by the regional governmen…
The occupation extends the detention of journalist Rasha Harzallah
Nablus – Ma’an – The Israeli occupation military court in Salem extended, on Monday, the detention of Rasha Harzallah, a journalist colleague at the Palestinian News and Information Agency (WAFA), for two weeks.
The Prisoner’s Club stated that a new …
(45) foreign infiltrators who attempted to cross the border illegally in Sulaymaniyah arrested
Border Guard forces arrested (45) foreign infiltrators who attempted to cross the border illegally in Sulaymaniyah.
The Border Guard Command said in a statement: Forces from the 21st Border Brigade and the 3rd Border Brigade within the First Region …