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LONDON – Gold prices held steady on Monday as investors waited for the Federal Reserve policy meeting and U.S. non-farm payrolls data due this week for policy clues.

Up to half of transactions between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters reported on Friday, citing trade consultants and bankers, as well as importers and exporters.

Three-month copper on the London Metal Exchange was up 1.3% at $9,990 a ton in official open-outcry trading after peaking at $10,033.50 for its highest since April 2022

LONDON: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top US official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East, according to Reuters.

French luxury group Hermes posted a sharp rise in first-quarter sales on Thursday, driven by a strong performance in its leather goods and across regions.

Three-month copper on the London Metal Exchange was down 1.3% at $9,698 a metric ton in official rings. It touched $9,988 a ton on Monday, testing the $10,000 mark

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 128.72 points, or 1.03 percent, to close at 12,355.69.    

The oil-rich emirate, rated AA or its equivalent by all three major ratings companies, is issuing a dollar deal with tranches of five, 10 and 30 years, according to a person familiar with the matter.

RIYADH: Saudi Arabia’s non-oil exports, including re-exports, saw a surge of 4.4 percent in February compared to the same period of 2023, official data showed. 

Apple’s smartphone sales in China dropped 19% in the first quarter of 2024 due to increased competition from local brands, a new report by Counterpoint Research has shown.