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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
PCE and GDP data on the horizon for market insights
OPEC+ ready to move forward with scheduled output increase in May
Spot gold was up 0.1 percent at $3,025.12 an ounce
West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel
In February, China's finance ministry released a framework for sovereign green bonds, paving the way for offshore issuances
The U.S. dollar index gained 0.15 percent to 104.01 on Friday, making crude more expensive for foreign buyers
Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week
