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The Saudi TASI index rose by 1.8 percent at the start of trading
Markets worry Trump's tariffs will hinder global economic growth and negatively impact oil demand
Bullion prices slipped by as much as 2.7 percent before paring some losses on Monday
Bitcoin is expected to continue moving similar to equities as global recession fears overshadow any crypto regulatory tailwinds
The exchange rate closed at EGP51.19 to $1, up from EGP50.66
S&P 500 futures fell 3.5 percent, Nasdaq futures dropped 4.4 percent, increasing total market losses to $6 trillion
Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
OPEC+ now aims to return 411,000 barrels per day to the market in May, up from 135,000 bpd as initially planned
S&P 500 companies lost a combined $2.4 trillion in stock market value amid one of the largest single-day percentage losses in years
In the previous session, gold prices declined by more than 2 percent after reaching a record high of $3,167.57
Among the most prominent countries hit by the tariffs are China at 34 percent, the European Union at 20 percent and Vietnam at 46 percent
Imports of oil, gas and refined products were exempted from the new tariffs, the White House said
Gold prices have set more than 15 records this year and achieve a nearly 19 percent increase year-to-date
U.S. economic slowdown and rising inflation could drive gold prices to $3,300 in the next months
Traders raised oil's risk premium, anticipating supply disruptions from Trump's actions and policies
Gifting money to younger family members during Eid al-Fitr is being reimagined for the digital era in the UAE
Both contracts gained over 2 percent so far this week and more than 7 percent since hitting multi-month lows in early March
Bullion gained 1.8 percent so far this week, placing it on track for a fourth straight weekly gain
Tariffs that increase vehicle prices may suppress auto sales and, consequently, the demand for oil products
Gold prices are expected to reach $3,300 per ounce on stronger-than-expected ETF inflows and sustained central bank demand
March has been one of the most bullish months for gold in the past 4 years, gaining around 4.2 percent on average
American Petroleum Institute data showed that U.S. crude inventories fell by 4.6 million barrels last week
U.S. dollar gained 0.13 percent to 104.32, making bullion less attractive for other currency holders
