Business

Gold Steady Ahead of US Inflation Data Release

Doha: Gold held steady on Monday as market participants awaited key US inflation data due later this week for further clues on the Federal Reserve’s interest rate trajectory. Spot gold was almost unchanged at $4,424.40 per ounce, while US gold futures…

Dollar on Shaky Ground Despite US Rate Hike Expectations

Doha: The dollar remained under pressure Monday despite rising expectations of a US interest rate hike, as tensions in the Middle East fueled concerns about widening inflationary pressures, potentially prompting central banks worldwide to tighten mone…

Japan’s Nikkei Soars Amid Surge in Chip and AI Stocks

Doha: Japan’s Nikkei share average closed more than 2 percent higher on Monday, buoyed by gains in chip and AI-related stocks, following an upswing in US semiconductor shares. The Nikkei rose 2.12 percent to reach 66,399.84, marking its highest closin…