The dollar index fell more than 0.5% Wednesday after China’s aggressive stimulus moves on Tuesday buoyed risk appetite, with growing bets of another outsized US rate cut in November adding to headwinds for the greenback.
Against a basket of
The Saudi Embassy in Syria hosted a reception in the capital, Damascus, to celebrate the Kingdom’s 94th National Day. The event was attended by Acting Chargé d’Affaires of the Saudi Embassy in Syria Abdullah Al-Huraiz and embassy staff.
The
Gold scaled another high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts.
Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.
US gold futures gained
Oil prices fell on Wednesday as investors reassessed the ability of China’s stimulus plans to boost the economy enough to drive more fuel demand growth in the world’s largest crude importer.
Brent crude futures dropped 17 cents, or 0.2%,