Market

Oil Prices Drop Over 5% as Geopolitical Risks Ease

Doha: Oil prices fell by more than 5% on Sunday, pressured by easing geopolitical tensions that dampened market sentiment. Brent crude futures declined by $3.30, or 4.8%, to $66.02 per barrel, while US West Texas Intermediate (WTI) crude futures fell …

South Korea and United States Make Headway on Tariff Discussions

Seoul: South Korean Prime Minister Kim Min-seok announced that Seoul and Washington are advancing in their negotiations regarding tariff-related issues. This progress is attributed to the direct communication line that was established last month betwe…

Gold Falls 1.5% on Firm Dollar Amid Fed Chair Concerns

New york: Gold extended falls on Monday, pressured by a firm dollar, as investors gauged US President Donald Trump’s Fed chair pick Kevin Warsh’s approach to interest rate cuts. Spot gold was down 1.5% at $4,793.97 per ounce, after touching a more tha…