October 16, 2026
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Tag : interest rates

Business

Gold prices decline on Federal Reserve rate decision in trading

omandailynews.com
Bullion faced renewed selling pressure across international trading desks as global commodity markets digested a quarter-point interest rate hike by the U.S. Federal Reserve. Spot gold declined 1 percent to $4,249 per ounce, hitting multi-session lows under the weight of...
Business

Gold stays above $4,400 before US inflation releases

omandailynews.com
Gold prices edged higher on Thursday as a softer U.S. dollar supported bullion before fresh U.S. inflation data. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The...
Business

Nikkei drops as Japan bond yields hit three-decade highs

omandailynews.com
Japanese stocks came under sharp pressure Monday as the Nikkei 225 dropped nearly 2% in early trading. The benchmark fell 1.97% to 65,096.63 and later touched an intraday low of 64,832.10. Technology shares led much of the decline as investors...
Business

Gold clears $4,400 while US inflation data takes focus

omandailynews.com
Gold advanced for a third consecutive session on Tuesday as bullion extended its rebound from last week. Spot gold gained 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5. U.S. gold futures climbed 1.7%...
Business

Gold falls below $4,000 after oil prices jump

omandailynews.com
Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold...
Business

China pledges tech support, trade balance and market reforms

omandailynews.com
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The briefing brought together leaders from...
Business

Bank of Korea holds 2.5% rate and rolls out dot plot

omandailynews.com
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary Policy Board said...
Business

Bank of Japan lifts rates to highest level in 30 years

omandailynews.com
TOKYO, December 20, 2025: The Bank of Japan on Friday raised its benchmark interest rate to the highest level in three decades, marking another milestone in its gradual departure from ultra-loose monetary policy. The central bank lifted its short-term policy rate...
News

Trump criticizes Fed Chair Powell over interest rate delay

omandailynews.com
U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for delaying interest rate cuts. Trump's comments, made both online and in the Oval Office, follow...
Business

IMF to cut surcharges for member countries starting November 1

omandailynews.com
MENA Newswire News Desk: The International Monetary Fund (IMF) has announced a significant reduction in borrowing costs for its member countries, cutting these costs by 36%, or approximately $1.2 billion annually. The change comes as part of broader reforms aimed...