Day: April 22, 2024

Gold Drops over 1%

Gold prices dropped more than 1% on Monday, as market participants awaited a key US inflation reading due later this week for interest rate cues.

Spot gold was down 1.4% at $2,357.19 per ounce, while US gold futures fell 1.8%

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QSE Index Rises 0.03% at Start of Trading

Doha: The general index of Qatar Stock Exchange rose 2.70 points, or 0.03%, at the start of trading on Monday, to reach the level of 10,461 points, compared to yesterday’s closing.

QSE general index was supported by a rise in

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S. Korea’s Exports Gain 11.1% from April 1-20

South Korea’s exports rose 11.1% on-year in the first 20 days of April on surging global demand for semiconductors, data showed Monday.

Outbound shipments reached $35.82 billion in the April 1-20 period, compared with $32.25 billion tallied a year ea…

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Oil Prices Fall in Early Asian Trade

Oil prices fell on Monday, dragged down by a renewed focus on market fundamentals.

Brent futures fell 54 cents, or 0.6%, to $86.75 a barrel.

The front-month US West Texas Intermediate (WTI) crude contract for May, which expires on Monday,

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China’s Loan Prime Rates Remain Unchanged

China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from th…

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