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July 16, 2024

Gold Prices Rise Amid Optimism about US Interest Rate Cuts

Gold prices rose Tuesday after statements by Chair of the Federal Reserve (US central bank) Jerome Powell strengthened the justifications for lowering interest rates in September 2024, while investors await more US economic data for other indicators a…

South Korea’s Auto Exports Rise in First Half of 2024

South Korea’s car exports hit a fresh high in the first half of 2024, data showed Tuesday, amid growing global demand for hybrid models.

The combined value of car shipments reached US$37 billion in the January-June period, up 3.8 % from a year earlie…

Oil Prices Drop Over 1%

Oil prices fell by more than 1 percent on Tuesday due to concerns over a slowdown in the Chinese economy, which is impacting demand, despite growing consensus that the US Federal Reserve may start cutting interest rates in September.

Brent crude futu…