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Data on Tuesday showed that U.S. producer prices increased moderately in December
The U.S. dollar index fell 0.32 percent to 109.60, remaining near its two-year peak
Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
The U.S. dollar index gained 0.17 percent to 109.83, making bullion less attractive for other currency holders
Prices are set for weekly gains as uncertainty over U.S. interest rates and trade tariffs boosts safe haven demand
Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
This move is anticipated to further enrich the Saudi market.
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
The U.S. dollar index held steady at 109.09, nearing the two-year high it touched last week
Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each
The U.S. dollar index gained 0.03 percent to 108.57, making bullion less attractive for other currency holders
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
The benchmark 10-year Treasury yield hit its highest since May 2024 yesterday, impacting bullion's rise
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
The number of executed transactions on the exchange grew by a significant 39 percent in 2024, from 184,000 to over 257,000 trades
Traders are awaiting the release of the U.S. jobs report on Friday for additional insight into the Fed's interest rate outlook
Amid demand optimism and dollar strength
Projections were informed by critical factors and data, based on an average oil barrel price of $60
An initiative designed to enhance participation and liquidity among market participants
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
Both oil contracts are on track to achieve a second consecutive weekly increase
The new decision took effect on January 1, 2025
