Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big US rate cut this year. Spot gold was up 0.2% at $2,661.25 per ounce. Bullion hit a record high of $2,670.43 on Wednesday. US gold futures were steady at $2,684.50. A mild bounce from the US dollar has managed to keep the gold price in check, however with markets still anticipating more aggressive cuts from the Fed between now and year-end, Bullion has risen nearly 29% so far in 2024 and hit record highs several times this year, largely fuelled by monetary policy easing by major global banks and geopolitical concerns. Source: Qatar News Agency
Related Posts
Deputy PM and Minister of Foreign Affairs Meets Uzbekistan’s Deputy PM and Minister of Investments and Foreign Trade
HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani met today in Tashkent with HE Deputy Prime Minister and Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov.The m…
Turkiye’s Exports Record Growth in August
Turkiye’s exports in August reached a record high of $22.1 billion, up 2.4 percent compared to the same month in 2023.
Turkiye’s Trade Minister Omer Bolat said in statements that the country’s exports on a monthly basis in August amounted to $22.1 bi…
Visit Qatar, Huawei Sign MOU to Enhance Qatar’s Tourism Experience
Doha: Visit Qatar and Huawei announced a partnership to enhance the tourism experience for Chinese visitors and promote Qatar as a premier travel destination in the Chinese market.
The Memorandum of Understanding (MOU) was signed by Chief Executive O…