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Gold Prices Fall to Over Seven-Month Low

New york: Gold prices fell on Wednesday to their lowest level in more than seven months, pressured by a stronger dollar and expectations of a US interest rate hike. Spot gold prices dropped 2.5 percent to $4,006.29 an ounce, marking their lowest point…

US Stocks Open Mixed as Wall Street Trading Begins

New york: Major US stock indexes opened mixed on Wednesday as trading began on Wall Street. The Dow Jones Industrial Average fell 6.1 points, or 0.01 percent, at the open to 51,660.75, indicating a slight drop in investor confidence.

According to Qa…

Iraq Halts West Qurna-2 Oil Pumping, Cuts Output by Half

Basra: Iraq’s Basra Oil Company announced a complete suspension of pumping operations from the West Qurna-2 oil field, leading to a 50% reduction in output due to force majeure and a shortage of tankers.

According to Qatar News Agency, the productio…