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Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped
Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel
This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency
This move reflects TCMB's commitment to a cautious monetary policy, balancing inflation control with economic risks
Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel
U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold
The quarter saw a 2.7 percent quarterly increase, adding around SAR46.724 billion to the reserve
Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
The issue date for these M-Bills is set for August 21, 2024
So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17
