Gold prices surpassed the $2600 mark for the first time ever today, continuing their upward trajectory since the Federal Reserve’s decision to cut interest rates.

Spot gold rose 1.3 percent to $2620.63 per ounce, while U.S. gold futures gained 1.2

Oil prices edged lower on Friday, but were on track to end higher for a second straight week following a steep interest-rate cut by the US Federal Reserve and declining global stockpiles.

Brent futures traded lower 26 cents, or

The price of Kuwaiti oil rose $1.37 to reach $76.08 per barrel in Thursday’s trading, compared to $73.70 in trading the day before, according to the price announced by the Kuwait Petroleum Corporation (KPC).

In global markets, US West

Gold prices hovered near record highs on Friday and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent giant interest rate reduction and signs that further cuts were on the horizon.

Spot gold