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September 19, 2024

Gold Holds Gains after US Rate Cut

Gold prices stabilized Thursday after hitting a record high in the previous session after the Federal Reserve decided to cut interest rates significantly.

Spot gold was little changed at $2,562.85 per ounce, after scaling a record high of $2,599.92 o…

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US Crude Inventories Hits Lowest Level Last Week

US crude oil stockpiles dipped to their lowest level in a year last week, while fuel inventories rose, the Energy Information Administration (EIA) said.

Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 1…

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US Stocks Close Slightly Lower

– US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points.

The S and P 500 lost 16.37 points, or 0.29%, to end at 5,618.21 points, while the Nasdaq Composite los…

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Bank of England Keeps Interest Rates Unchanged

London: The Bank of England (BoE) left interest rates unchanged at 4 percent, as expected, after cutting them by 25 basis points last August.

According to Qatar News Agency, the BoE announced it would slow the pace of its quantitative easing program…

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