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Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting
Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel
The group will likely extend its output cuts until the end of the first quarter of 2025 amid supply concerns
The dollar index was up 0.07 percent to 106.52, reducing gold’s appeal among holders of other currencies
In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50
The dollar index was up 0.15 percent to 106.25, reducing gold's appeal among holders of other currencies
China's crude imports rebounded in November as lower prices drew stockpiling demand
Despite the sharp decline in the U.S. dollar, gold prices fell on prospects of easing tensions in the Middle East
Egypt's annual headline inflation remained broadly stable for the third consecutive month, at 26.5 percent in October 2024
The U.S. dollar picked up again, rising to around a 13-month high after gaining 0.17 percent to 107.14
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
