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Dubai gold dips below Dh500 a gram after weak US jobs

Dubai: Prices of the yellow metal are in a consolidation phase with spot gold trading at $4150 levels after its biggest weekly drop of 3.4 percent since June. Investors are assessing how softer US hiring and rising bond yields could shape the Fed's next moves on interest rates.

IMF, Sri Lanka strike staff-level pact on funding of $345 million

The International Monetary Fund said it reached a staff-level agreement with Sri Lanka on the seventh review under its Extended Fund Facility to unlock financing of about $345 million. The island nation, backed by a $2.9-billion programme, is clawing its way out of a 2022 economic upheaval triggered by a severe shortage of dollars.

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