Market

Gold Lingers Near Record Highs

Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big US rate cut this year.

Spot gold was up 0.2% at $2,661.25 per ounce. Bullion hit a record high of $2,670.43 on Wednesday.

US gold futures were steady…

OECD Cuts S. Korea’s 2024 Growth Outlook to 2.5 Percent

The Organization for Economic Cooperation and Development (OECD) slashed the growth outlook for the South Korean economy to 2.5 percent this year.

The latest figure marked a 0.1 percentage point fall from its projection presented in May and is on a p…

Oman Oil Price Drops $2.94 Per Barrel

The official price of Omani oil today, for delivery in November, reached USD 72.21 cents per barrel, a decrease of USD 2.94 cents, compared with Wednesday’s price, which amounted to USD 75.15 cents The monthly average price of Omani crude oil for deli…