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Gold Hits Two-week High after Fed Chief’s Rate Statements

August 1, 2024

Gold prices climbed to a two-week high on Thursday as US Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.

Spot gold was steady at $2,448.38 per ounce, after hitting its highest level since July 18 e…

Qatar Defeats Oman in GCC Youth Basketball Championship

August 1, 2024

The Qatari team beat the Omani team 111-57 in their match on Thursday, as part of the Gulf Youth Basketball Championship under 18 years, hosted by Kuwait and will conclude on Friday.

The Qatari team succeeded in achieving the third consecutive victor…

Tokyo Stocks Tumble as Yen Rises Against Dollar

August 1, 2024

Tokyo stocks tumbled Thursday at the close of trading Thursday, as key sectors including real estate and exporting companies declined, amid a rise in the value of the yen against the dollar.

The 225-issue Nikkei Stock Average ended down 975.49 points…

Yen Rises, Dollar Falls as Federal Reserve Signals Rate Cut

August 1, 2024

The US dollar declined today after the Federal Reserve (US Central Bank) kept the door open for a rate cut in September, helping stabilize the yen near its highest level since March following the Bank of Japan’s shift towards a tightening policy The y…

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