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The dollar index neared a four-month low, making bullion cheaper for global buyers
West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel
The Nasdaq Composite was down 4 percent, its largest one-day decline since September 2022
In the UAE, equity markets recorded an increase of $69.2 billion in market capitalization
Concerns over a potential global trade war shifted investors to safe-haven assets, raising gold prices
West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel
Trump signed orders expanding tariff exemptions for goods from Canada and Mexico this week
Attention turns to February's nonfarm payrolls data for insights on the U.S. economy
Investors await U.S. nonfarm payrolls data Friday to assess Fed's interest rate strategy
Traders are concerned about U.S. tariffs and rising oil supplies from OPEC+ production increases
Strong demand led to the order books exceeding 4.3 times and the final issue being oversubscribed by nearly 2.6 times
Trump’s tariffs on products from Canada, Mexico, and China took effect just after midnight ET on Tuesday
U.S. President Trump followed through on threats of increased tariffs against China, Canada, and Mexico
Trump announced 25 percent tariffs on Mexico and Canada, starting Tuesday, and doubled Chinese tariffs to 20 percent
WTI crude futures dropped by 0.9 percent to $67.64 a barrel
The U.S. strategic stockpile will include bitcoin, ether, XRP, solana and cardano
In GCC markets, investor sentiment could be impacted by concerns over the economic fallout from new U.S. tariffs on China, Canada and Mexico
Investors are now looking forward to China's annual parliamentary meeting for further insights into potential measures to support its economy
The U.S. dollar index fell 0.33 percent from more than a two-week high it hit in the previous session
Spot gold fell 0.4 percent to $2,864.94 an ounce, while April futures decreased 0.6 percent to $2,877.80 an ounce
Trump revoked Chevron's Venezuela license, halting imports and reinstated pressure on Iran's oil exports
Prices were expected to slip 1.4 to 2 percent this week due to profit-taking
Crude Oil WTI Futures, set to expire in March, also saw a gain of 0.4 percent, reaching $68.53
Bitcoin price has slumped nearly 20 percent from its peak following Trump’s inauguration on January 20
