Skip to main content Skip to footer 
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
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation
Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut
Progress on inflation could support gold prices to retest a new all-time high once more
CBRT governor cited $26.5 billion increase in reserves, 50 percent target for lira deposits amid global volatility
