Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.
Spot gold slipped 0.2% to $2,385.60 per ounce,
Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns.
Brent crude futur…
South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.
The country’s current account surplus reached $12.2 billion in June, marking a su…
The oil and gas sector in Arab countries executed 610 projects implemented by 356 foreign and Arab companies in the region, with a total investment cost of USD 406 billion between January 2003 and May 2024 (22 years).
A recent
China’s total goods imports and exports expanded 6.2% year-on-year in the first seven months of 2024 to 24.83 trillion yuan ($3.46 trillion), official data showed on Wednesday.
The country’s exports rose 6.7% year-on-year to 14.26 trillion yuan durin…
