Gold prices drifted higher on Monday, aided by worries that the US could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively.
Spot gold rose 0.14 percent to
Oil prices hovered at an eight-month low on Tuesday, as concerns over a US recession and the impact of conditions in the Middle East on supplies persist.
Brent crude futures fell 4 cents, or 0.1 percent, to USD76.77 a barrel,
Doha: The general index of Qatar Stock Exchange (QSE) fell below the 10,000-point mark at the beginning of trading on Monday, reaching 9,885 points after dropping 172 points, or 1.71%, compared to the closing of Sunday’s session, affected by declines
Japan’s yen hit its highest levels against the dollar since January on Monday, as markets extended moves triggered last week after weak US labor data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.
The dollar
The Central Bank of Kuwait (CBK) announced on Monday the allocation of issuance of bonds and tawarruq amounting to KD 160 million (about USD 528 million).
The CBK said in a statement carried by Kuwait news agency (KUNA), that the
