Gold prices rose to the highest level in a week on Tuesday, as the US dollar weakened, while the market awaits comments from Federal Reserve officials to get signals about the path of US interest rates.

Oman's Muscat 30 index fell 7.6 points, or 0.16 percent, on Monday, to close at 4618.30 points, compared to the last trading session of 4625.88 points.

Gold prices rose today after a sharp decline last week, but expectations of fewer U.S. interest rate cuts limited the recovery.

The Director General of Russia's Rosoboronexport, Alexander Mikheyev, confirmed on Sunday that the arms export contracts signed during 2024 reached a record level of $55 billion.

The Muscat Stock Exchange (MSM) last week hit new declines as demand for blue-chip shares fell, while most of the liquidity went to OQ E&P, which listed on the exchange on Oct. 28 and last week accounted for more than 77 percent of total turnover.

Gold prices are heading for their worst weekly performance in more than three years, pressured by a stronger dollar amid expectations of fewer interest rate cuts by the Federal Reserve.

The Muscat Stock Exchange "30" index of Oman decreased by 11.2 points, or 0.24 percent, Thursday, to close at 4643.51 points, compared to the last trading session, which amounted to 4654.76 points.

Gold fell to its lowest level in eight weeks on Thursday after falling for the fifth consecutive session, weighed down by the strong dollar and rising Treasury yields, amid uncertainty about the pace of interest rate cuts by the Federal Reserve (US central bank).

Gold prices rose today as investors looked for bargains after sharp declines in the previous session, while the focus shifted to US inflation data that may shed more light on the path of monetary policy.

Russian company Gazprom announced that Russian gas supplies to China in 2024 will exceed the agreed volume under contracts between the two sides.

The Muscat Stock Exchange "30" index in Oman dropped by 11.01 points, or 0.23 percent, to close at 4672.02 points on Tuesday, compared to the previous session's close of 4683.02 points.

Boursa Kuwait closed Tuesday's trading session with its general index up 15.61 points, or 0.21 percent, to reach 7283.05 points.

Gold prices fell on Monday, for the second consecutive session, as investors awaited economic data and comments from Federal Reserve officials this week for more clarity on the future direction of interest rates.

Japanese stock indices fell at the end of the morning trading session on the Tokyo Stock Exchange on Monday.

Kuwait Stock Exchange ended trading Monday with its general index rising by 38.34 points, or 0.53 percent, to reach 7267.44 points.

The Muscat Securities Market (MSM) 30 Index closed higher on Sunday, reaching 4714.33 points, up by 8.5 points or 0.18% compared to the previous trading session, which stood at 4705.83 points.

The US Bureau of Safety and Environmental Enforcement (BSEE) announced that more than a quarter of crude oil production and about 17 per cent of natural gas production in the US Gulf of Mexico has been halted in the wake of Hurricane Rafael.

The US Energy Information Administration (EIA) announced on Sunday that Iraq's oil exports to the US decreased last week.

Muscat-Saba: The market capitalization of the Muscat Stock Exchange rose by the end of last week to RO 27 billion and RO 551 million, recording weekly gains of about RO 130 million, benefiting from the listing of a new issue of government development bonds and the rise in shares of a number of leading companies listed on the regular market.

Gold prices rose today, extending gains after the Federal Reserve cut interest rates by a quarter of percentage point yesterday.