Gold prices rose Friday, heading towards achieving weekly gains, supported by increasing hopes for a US interest rate cut in September. Gold rose in spot transactions by 0.6 percent to USD 2,471.79 per ounce, and rose by 1.7 percent since the beginning of the week, while US gold futures increased by 0.7 percent to USD 2,510. As for other precious metals, silver fell in spot transactions by 0.7 percent to USD 28.20 per ounce, while platinum rose by 0.3 percent to USD 955.35, after rising four percent on Thursday to its highest level in two weeks, and palladium fell by 0.4 percent to USD 940.36. Source : Qatar News Agency
Related Posts
Bahrain All Share Index marks 1,974.43 points
Bahrain All Share Index has closed at 1,974.43 points marking a decrease of 1.16 points below the previous closing.This decrease was due to the drop in the Communication Services Sector and Consumer Discretionary Sector.Bahrain Islamic Index has closed…
Dollar Holds Gains amid Focus on China’s Stimulus Plans
The dollar held onto its gains and even extended some in Asian trading on Monday as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention.
The dollar index was just ab…
Financial Advisor to QNA: QSE Index at Its Highest Levels in 2024
Doha: The Qatar Stock Exchange (QSE) index ended this week’s trading with a 2.13 percent increase, gaining 224,130 points to stand at 10,733 points compared to last week.
Sector-wise, the weekly performance was positive for all sectors, with the tele…