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March 16, 2026

Gold Prices Slip as Hopes for US Rate Cuts Diminish

Riyadh: Gold prices edged lower Monday, weighed down by receding hopes for a near-term US interest rate cut due to rising energy prices, while a weaker dollar helped limit the losses. Spot gold fell 0.2 percent to $5,007.58 per ounce. US gold futures …

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Oman Oil Price Rises by Over USD 3 per Barrel

Muscat: The official price of Oman oil for May delivery reached USD 147.79 per barrel (pb) on Monday, up USD 3.43 from Friday’s price of USD 144.36.

According to Qatar News Agency, the average monthly price of Omani crude oil for March delivery stoo…

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