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October 2024

Price of gold hits highest quarterly gain since 2016

ISTANBUL: The ounce price of gold saw its highest quarterly gain since 2016 in July-September amid interest rate cuts by central banks and geopolitical tensions leading to rising demand for the safe-haven asset.

The ounce price of gold saw a record h…

US jobless claims soar 33,000 to highest since early August 2023

Istanbul: The number of Americans filing first-time unemployment claims soared by 33,000 last week to 258,000, according to Labor Department data released Thursday.

That marked the highest level of initial claims since Aug. 5, 2023 when it was 258,00…