May 28 : Gold prices fell to a two-month low on Thursday as fresh U.S. attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook. Spot gold was down 1.7 per cent at $4,380.62 per ounce, as of 0409 GMT, earlier fal»»»

Food prices rose 3.2% in April from a year earlier, with grocery prices recording their fastest increase since 2023. (EPA Images pic) WASHINGTON: Consumer inflation in the US hit a three-year high in April, government data showed Tuesday, with the economic fallout of the Iran war rippling through t»»»

US consumer prices likely rose at a solid pace for a second straight month in April, which would result in the largest annual increase in inflation in more than 2-1/2 years and further bolster expectations the Federal Reserve would keep interest rates unchanged for a while. The Consumer Price Index»»»

Rising geopolitical tensions linked to the Iran conflict are expected to push United States consumer inflation higher in April, reinforcing expectations that the Federal Reserve will maintain elevated interest rates for an extended period. Higher oil prices, increasing fuel costs, and renewed press»»»

KUWAIT: Gold prices rose notably at the close of last week’s trading, nearing $4,830 per ounce and marking a fourth consecutive week of gains, supported by improved global market sentiment and a decline in the US dollar. A report issued Sunday by Kuwait’s Dar Al-Sabaik Company attributed the positi»»»

The Iran war continues to roil global markets, but gold isn’t shining so brightly right now even though many have long considered it a safe haven during a crisis. Gold prices fell about four per cent on Tuesday to roughly $5,124 an ounce as of publication, and some experts say this dip is because o»»»

Gold prices advanced in both local and international markets during Wednesday’s trading, supported by ongoing geopolitical tensions in the Middle East and their potential repercussions on the global economy amid a highly unstable environment, according to a report issued by the iSagha platform. Sae»»»