Day: August 26, 2024

Gold Extends Gains on Fed Rate Cut Hopes

Gold prices edged higher on Monday, extending gains from the last session as Federal Reserve Chair’s remarks solidified expectations of an interest rate cut next month.

Spot gold rose 0.2% to $2,516.09 per ounce.

US gold futures gained 0.2% to $2,55…

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Oil Production Drops in 2023, Gas Output Rises

Amman: Jordan produced 43,988 barrels of crude oil in 2023, a significant decrease from the 94,675 barrels produced in 2022, according to the Ministry of Energy and Natural Resources’ annual report.

The report, issued on Monday, also highlighted that…

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