September 4, 2024

Gold Steady as US Payrolls Data Grabs Limelight

Gold prices held steady on Wednesday as investors braced for a monthly US payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest rates this year.

Spot gold held its ground at $2,493.34 per ounce, after hitting i…

S. Korea’s Foreign Reserves Up for 2nd Month Straight in August

South Korea’s foreign reserves increased for the second straight month in August on the back of the increased value of non-US dollar assets and investment gains, central bank data showed Wednesday.

The country’s foreign reserves had come to $415.92 b…

Arab League Marks Arab Health Day

The Arab League marks today Arab Health Day under the theme “Promoting the One Health Approach”, a concept endorsed by the Council of Arab Health Ministers at its 60th session in Geneva.

In a press release issued yesterday, Arab League Assistant Secr…

Japanese Yen Rises on US Economic Data

The Japanese yen rallied on Wednesday, while riskier currencies such as the Australian dollar and sterling fell as traders awaited US jobs data.

The yen rose about 0.3% to 145.02 per dollar, following a 1% rally overnight against a broadly stronger d…