Sana'a: Gold prices fell slightly during trading on Friday, August 1, and are heading for a weekly loss amid a stronger dollar following US President Donald Trump's imposition of new tariffs on dozens of countries, and amid anticipation of the release of the US jobs report later today. In trading, gold futures fell about 0.2% to $3,343.4 per ounce. Spot gold rose less than 0.1% to $3,290.74 per ounce. According to Yemen News Agency, the dollar index rose less than 0.1%, hovering near its two-month high reached yesterday, Thursday, making gold more expensive for holders of other currencies. Trump signed an executive order on Thursday imposing "countervailing" tariffs ranging from 10% to 41% on imports from dozens of countries and regions.
Related Articles
Erdogan: We Seek to Increase Our Trade with China in Balanced Manner
Tianjin: Turkish President Recep Tayyip Erdogan affirmed on Monday his country’s desire to increase its trade volume with China in a “balanced and sustainable manner.” This came during his meeting with Cai Qi, First Secretary of the Central Committee …
Oil Prices Surge Amid Skepticism Over US-Iran Talks
New york: Oil prices experienced an increase as investor skepticism grew over the potential progress in peace negotiations between the United States and Iran. Despite the rise, the market remains on track for a weekly loss.
According to Yemen News A…
Report: More than 37 Billion Shares Traded on Iraq Stock Exchange Last September
Sana’a: The Iraq Stock Exchange announced on Sunday that more than 37 billion shares, valued at more than 28 billion Iraqi dinars, were traded last September. A report issued by the market indicated that 21 trading sessions were held last month, with …