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UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and financeĀ

Market focus now shifts to the U.S. core personal consumption expenditures price index data due later today

Brent oil futures for November rose by 0.1 percent to $73.51 per barrel

Market awaits Federal chair Jerome Powell's remarks due later in the day, along with U.S. inflation data due on Friday

The central bank also announced a support package that included a 50-basis-point reduction on average interest rates for existing mortgages

Traders now await Fed chair Jerome Powellās remarks on Thursday and U.S. inflation data on Friday for further policy cues

Market focus this week remains on Fed members' comments and the release of the U.S. PCE data on Friday

Declining interest rates globally, rising geopolitical tensions in the Middle East and the upcoming U.S. election boost gold to new high

Brent oil futures for November rose 0.5 percent to $74.83 per barrel

The dollar index fell 0.05 percent to 100.56, making gold less expensive for other currency holders

Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel

Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point increaseĀ