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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
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
