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Hotter-than-expected U.S. inflation data could potentially drive gold prices down
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
China's central bank marked its 18th consecutive month of gold purchases in April
Gold prices have established a support base around the $2,280 mark over the past week
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Total private bids amounted to QAR5.4 billion
Powell's assurance that further rate hikes were off the table will help bullion
Investor sentiment remains cautious ahead of the interest rate decision by the U.S. Federal Reserve
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
UAE banks' monetary base expanded 2.7 percent monthly to AED688.7 billion in February
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Food prices remained unchanged at 5 percent in March compared to February
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
International reserves increase to $40.361 billion from $35.311 billion in February
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
