New york: Gold retreated from its highest level in more than three weeks on Thursday, pressured by a stronger dollar, as traders awaited the resumption of US economic data releases to gauge the path of interest rates. According to Yemen News Agency, by 02:03 GMT, spot gold had fallen 0.1 percent to $4,194.63 per ounce, after hitting its highest level since October 21 in the previous session. US gold futures for December delivery also declined 0.3 percent to $4,199.30 per ounce. The dollar index continued its gains against its rivals, making gold less attractive to holders of other currencies.
Related Articles
President Al-Mashat Congratulates Egyptian President on October 6 Victory Anniversary
Cairo: His Excellency Marshal Mahdi Al-Mashat, President of the Supreme Political Council, sent a congratulatory message to the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, on the occasion of the celebrations of the Egyptian people c…
IMF Warns of Global Economic Risks if Middle East Conflict Persists
Washington: The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, cautioned that the ongoing conflict in the Middle East could lead to severe economic repercussions worldwide if it continues until 2027. She indicated th…
Iran and Russia to Maintain Energy Cooperation Amid Sanctions Concerns
Tehran: Iranian Deputy Oil Minister Omid Shakeri confirmed that “Iran and Russia, within the framework of their energy cooperation, will not pay attention to the restoration of UN Security Council resolutions that include sanctions on Tehran.”
Accord…
