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Day: October 29, 2024

Gold Hovers Near Record High ahead of Key Economic Data

Gold prices lingered near record highs on Tuesday, while investors awaited key economic data for clues on the US Federal Reserve’s interest rate trajectory.

Spot gold was up 0.5% at $2,755.42 per ounce. Prices hit a record high of $2,758.37 last Wedn…

S. Korean Government Asks Local Oil Refiners to Avoid Price Hikes

South Korea’s industry ministry on Tuesday asked local oil refiners to avoid excessive price hikes amid heightened energy price volatility and escalating uncertainties in the Middle East.

The call came after South Korea decided last week to extend th…

Meta Develops Own AI Search Engine

Meta Platforms is developing an artificial intelligence-based search engine specifically designed for its chatbot, as it looks to reduce dependence on Google and Microsoft’s Bing.

Metas efforts to create an independent search engine have been underwa…

Oil Prices Edge Up on US Plan to Boost Reserve

Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a US plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support.

Brent crude futures climbed 44 cents to $71.86 a barrel by, while US West Texas Int…

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