Central Bank
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
Foreign currency inflows into the local market have jumped by about 200 percent
Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September
Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel
China's slower-than-expected economic growth sparked concerns over the country's demand for oil which continues to impact prices
Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high
This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
The Central Bank wants more evidence that inflation is still on track to reach the 2 percent target by the end of 2024
