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The U.S. dollar index fell 0.11 percent to 106.57, making gold prices more appealing for other currency holders
In 2024, 80 percent of UAE banks have prioritized digital transformation, placing the nation at the center of the tech-driven banking evolution
Several Federal Reserve officials this week are expected to provide additional insight into the U.S. rate cut trajectory
Geopolitical risks stemming from the Russia-Ukraine war and the ongoing conflicts in the Middle East continue to raise safe-haven demand for gold
Brent crude futures for January delivery increased by 15 cents, or 0.2 percent, reaching $73.45 a barrel
The U.S. dollar index lost some of its recent gains after rising 1.6 percent last week
As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel
Data on Thursday showed that U.S. producer prices picked up in October, adding to signs that progress toward lower inflation was stalling
The U.S. dollar rose to a one-year high while treasury yield rose to its highest since July
Markets currently await the release of the U.S. Consumer Price Index data
Investors are focusing on upcoming inflation data for clues on how the economy may shift after the election results
U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election
In 2023, the global market capitalization of stablecoins exceeded $130 billion
The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election
This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August
Trump's victory fueled questions about whether the Federal Reserve may proceed to cut rates at a slower and smaller pace
U.S. dollar surged to a near four-month high in reaction to the U.S. election exit polls, making bullion less attractive for other currency holders
Despite markets largely expecting the quarter-point cut this week, gold prices may still see a reaction to the decision
Uncertainty surrounding the election and the U.S. central bank's policy decision could support gold prices this week
Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty
Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year
Markets are also bracing for a series of economic indicators in the coming days
Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel
Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold
