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Investor sentiment remains cautious ahead of the interest rate decision by the U.S. Federal Reserve
U.S. crude production escalates to 13.15 million barrels per day in February
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
DFM’s trading value reached over AED25 billion during Q1 of 2024
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
The dollar climbed to 154.85 yen, its highest point since the middle of 1990
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Since its inception, IFAD has facilitated the trading of nearly 6 billion barrels of Murban crude oil
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Brent futures rose by $2.63, reaching $89.74 per barrel
Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says
The exchangeable bonds carry a 0.70 percent coupon
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis
