Gold prices rose Friday, heading towards achieving weekly gains, supported by increasing hopes for a US interest rate cut in September. Gold rose in spot transactions by 0.6 percent to USD 2,471.79 per ounce, and rose by 1.7 percent since the beginning of the week, while US gold futures increased by 0.7 percent to USD 2,510. As for other precious metals, silver fell in spot transactions by 0.7 percent to USD 28.20 per ounce, while platinum rose by 0.3 percent to USD 955.35, after rising four percent on Thursday to its highest level in two weeks, and palladium fell by 0.4 percent to USD 940.36. Source : Qatar News Agency
Related Articles
Kuwait hopes Arab League decisions enhance Joint Arab efforts
The State of Kuwait expressed its hopes on Thursday that the Arab League’s Economic and Social Council in its 114th ministerial session in Cairo would result in decisions that enhance Joint Arab efforts in the economic and social fields.
This came i…
Dhaman: Kuwait ranks 5th in largest exports in Arab region list
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said on Monday that Kuwait was ranked fifth in Dhaman’s largest exports in the Arab region 2023 list in the 39th report of Investment Climate in Arab Countries for 2024.
In a press …
US Purchases 2.5 Million Oil Barrels to Add to Strategic Reserve
The United States has purchased nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest-ever withdrawal from the emergency reserve in 2022.
The U.S. Department of Energy said that approximately 800,000 ba…