Sana'a: Gold prices rose slightly on Monday, supported by the prospect of a US interest rate cut in the coming period, as investors awaited the release of US inflation data and U.S-China trade talks this week to determine the future direction of the markets. Spot gold rose 0.3% to $4,264.49 per ounce, after falling about 1.8% on Friday, the largest decline since mid-May. US gold futures for December delivery rose 1.5% to $4,280.30 per ounce. According to Yemen News Agency, spot silver also rose 0.5% to $52.08 per ounce, after falling about 4.4% in the previous session, its largest decline since early April, after hitting an all-time high of $54.47 per ounce. As for other precious metals, platinum fell 1.1% to $1,591.55 per ounce, and palladium fell 0.5% to $1,467.16 per ounce.
Related Articles
Gold Declines as Tariff Concerns Ease
New york: Gold prices fell in early trading on Tuesday, affected by the easing of concerns about an escalation in the global tariff war, along with a rise in the U.S. dollar, as investors await new signals from the Federal Reserve regarding the path o…
S Korea’s Economy Grows 0.6 Percent in Second Quarter
Seoul: Data from the Bank of Korea showed today, Tuesday, that the country’s gross domestic product grew by 0.6 percent during the second quarter of this year compared with the previous quarter, driven by strong exports of products related to artifici…
Muscat Stock Exchange 30 Index Sees Slight Increase
Muscat: The Muscat Stock Exchange 30 Index closed on Tuesday with a slight rise of 1.8 points, or 0.04 percent, reaching 4,278.02 points. This is compared to the previous trading session’s close of 4,276.22 points.
According to Yemen News Agency, the…