Market

Gold Near Two-Week High on Cooling US Rate-Hike Bets

Doha: Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by the Federal Reserve: Spot gold was steady at $4,175.02 per ounce, after posting a week…

Oil Prices Decline as OPEC+ Boosts August Production Target

Doha: Oil prices edged lower on Monday: after OPEC+ agreed to raise its August production target, while a rebound in exports from major producers through the Strait of Hormuz reinforced expectations of increased global supply. Brent crude futures fell…

Dollar Near Two-Week Low as Rate-Hike Bets Recede

New york: The US dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained close to its weakest level in 40 years. The dollar index, which measures the US currency agai…