Dollar hits weekly high as markets watch Fed
The dollar's exchange rate rose to its highest level in weeks amid expectations of an interest rate hike, leading to a global decline in gold prices, with the 21-karat gold in Oman reaching 50.36 riyals. In contrast, oil prices recovered their losses, with Omani oil jumping by nearly three dollars to surpass $91, while Brent approaches the $90 mark, despite the decline in gold prices. The market is also awaiting the U.S. Federal Reserve meeting. Additionally, events are taking place at the Omani Conference for Ear, Nose, and Throat Medicine, with the participation of 70 experts and 250 attendees in Salalah.
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