Business

Gold Prices Fall as Dollar Strengthens Amid Inflation Concerns

Moscow: Gold prices fell Monday, pressured by a stronger dollar and renewed inflation fears that overshadowed expectations of future interest rate cuts. Spot gold declined by 0.3 percent to USD 4,734.50 an ounce, after touching its lowest level since …

IEA Voices Readiness to Release More Oil Reserves

Washington: Executive Director of the International Energy Agency (IEA), Fatih Birol expressed hope that further releases of oil reserves would not be necessary, while simultaneously affirming the agency’s readiness to act should the energy shock resu…