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Gold Prices Fall After Dollar Rise

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Gold prices eased on Wednesday as the dollar held firm, while investors looked for more US economic data for further cues on upcoming rate cuts by the Federal Reserve. Spot gold was down 0.5 percent at USD 2,649.17 per ounce. US gold futures eased 0.7 percent to USD 2,670.30. Market participants will now monitor employment data and remarks from Fed officials later in the day, along with services data and nonfarm payrolls (NFP), due later this week. Spot silver shed 0.8 percent to USD 31.17 per ounce, platinum was steady at USD 986.43 and palladium rose 0.5 percent to USD 999.94. Source: Qatar News Agency

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Qatar’s Industrial Production Index Rises 4.2% Y-o-Y in June 2023

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Qatar’s Industrial Production index (IPI) reached 103.9 points in June 2023, rising by 4.2% in comparison with the previous month (May 2023), and by 4.2% when compared to the corresponding month in 2022.

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Al-Sudani directs to reconsider economic decisions and policies taken in previous stages

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Prime Minister Mohammed Shia Al-Sudani directed to reconsider economic decisions and policies taken in previous stages, stressing that the time has come to stand up to a number of unproductive contexts and work practices, and that reform requires stro…
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Qatar Chamber: Qatari Women Receive Great Support in Various Fields

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Qatar Chamber recently participated in the ‘Sixth GCC Businesswomen Forum,’ held under the slogan “Thought Leaders… Truly Inspiring.” The event was organized by the Oman Chamber of Commerce and Industry (OCCI) in collaboration with the Federation of…

Market

Gold Prices Fall After Dollar Rise

webdeskComments Off on Gold Prices Fall After Dollar Rise

Gold prices eased on Wednesday as the dollar held firm, while investors looked for more US economic data for further cues on upcoming rate cuts by the Federal Reserve. Spot gold was down 0.5 percent at USD 2,649.17 per ounce. US gold futures eased 0.7 percent to USD 2,670.30. Market participants will now monitor employment data and remarks from Fed officials later in the day, along with services data and nonfarm payrolls (NFP), due later this week. Spot silver shed 0.8 percent to USD 31.17 per ounce, platinum was steady at USD 986.43 and palladium rose 0.5 percent to USD 999.94. Source: Qatar News Agency

webdesk
http://arabnewsnetwork.ps

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Dollar Hits 2-Week High against Euro

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The dollar rose to a two-week high against the euro on Monday, as traders awaited the release of the US jobs report this week.

The dollar index against six major currencies rose to 101.79 points in early Asian trading, and the index recorded 101.72 p…
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ACC board directors, Moldovan envoy talk cooperation

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The Amman Chamber of Commerce (ACC) Board of Directors and non-resident Ambassador of Moldova Dimitri Kreutor have discussed increasing trade cooperation between Jordan and Moldova and the role of private sector institutions in this regard. Nabil Khat…
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The Ministry of Oil announces the opening of the second berth for exporting liquefied gas and condensates at Umm Qasr Port in Basra

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The Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Saber Ismail, opened the second berth for exporting condensates and liquefied gas at Umm Qasr Port in Basra.

The Undersecretary said in a statement by the Ministry, “The berth will prov…