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Markets
Softer job openings data, manufacturing PMI spur safe-haven demand for gold
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Brent oil futures for July delivery held steady at $83.61 per barrel
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
Total offering size to reach between $496 million and $515 million
Privatization of state-related entities to support the initial phase of regional IPO growth
Strong dollar, possible interest rate hikes are major risks to gold prices
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
ADNOC will retain the majority 78.5 percent of ADNOC Drilling
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
