Gold prices declined on Friday, but are poised to record gains for the 3rd consecutive week, amid hopes that the US Federal Reserve will cut interest rates in September.

Spot gold slipped 0.2% at $2,409.19 per ounce after rising 2%

The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.

In the global markets, Brent crude futures rose $0.32 to reach

Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.

Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas

Oil prices rose today, Friday, amid signs of easing inflationary pressures in the United States of America, the world’s largest oil consumer, but are still heading for a weekly decline.

Brent crude futures rose 33 cents, or 0.4 percent, to

Oil prices fell during the end of trading, on Thursday, despite the weakness of the dollar after the disclosure of key US inflation data.

The dollar suffered sharp losses this week, with the focus largely shifting towards the upcoming inflation