Sunday, February 22

Stocks and Markets

Most stock markets in the Gulf ended lower on Tuesday on falling oil prices as China’s economic reforms underwhelmed investors, although the Saudi index bucked the trend. Crude prices – a catalyst for the Gulf’s financial markets – slipped for a second day as concern over China’s plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint.

Shortly after 1330 GMT, gold advanced to $2,141.79 per ounce, surpassing its prior peak of $2,135.39 that was struck in early December, before pulling back slightly

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