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Markets
Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year
Brent crude futures for June delivery fell 23 cents, or 0.2 percent, to $90.22 per barrel
Value of T-bills with a maturity of 364 days reached OMR40.7 million
Investors eye Federal Reserve meeting minutes and inflation figures for market direction
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
Bitcoin has surged 140 percent in the last 12 months
Gold prices remained undeterred despite the robust U.S. job growth in March
ADX witnessed five major direct deals on 243.4 million shares worth $186 million
Investors await consumer price index data from U.S. and China later this week
The rise in prices is fueled by geopolitical tension and supply concerns
The gold reserves recorded 7 percent year-on-year increase
The asset management industry reached $1.1 billion by end of 2023
Gold prices have reached new record highs in each session since last Thursday
Mixed U.S. inventories impact crude oil gains, production offset by fuel demand
While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
The trade was executed on 5.7 million shares
U.S. dollar and Treasury yields remain firm, dimming expectations for June interest rate cuts
Parkin IPO enhances market's attractiveness and draws new investors
Softer U.S. inflation report strengthens bullish sentiment
China's manufacturing activity expanded for the first time in six months in March
Petrol prices in the UAE have been rising from February onwards
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
