Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September.

Brent crude prices were up 48 cents, or 0.57%, at $83.10 a barrel, and

Gold prices rose on Monday as the dollar eased following US President Joe Biden’s decision to withdraw from the 2024 presidential race, with investors turning to bullion as a hedge against an uncertain political and market outlook.

Spot gold rose

Doha: The general index of Qatar Stock Exchange (QSE) rose 46.60 points, or 0.46 % to reach the level of 10,106 points at the beginning of trading on Monday, compared to yesterday’s closing, backed by six sectors.

Qatar Stock Exchange

The dollar eased slightly on Monday as investors gauged the implications of US President Joe Biden’s decision to end his re-election campaign for the Presidential Elections in November 2024.

The US currency slipped 0.08% to 157.38 yen early in the