Gold climbs for third day ahead of inflation data
The currency markets experienced a rise in the value of the US dollar and a decline in the Japanese yen as investors awaited American inflation data, which is expected to influence monetary policy directions. Gold prices also increased by over 2% following the release of inflation data, marking their third consecutive session of gains, supported by the dollar's weakness. Meanwhile, the Muscat Stock Exchange Index saw a 66.8% increase in the first half of the year, with trading volumes reaching 6.9 billion riyals, as markets await the implementation of the new electronic tax invoice.
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