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Amid the uncertain global economic and geopolitical landscape, bullion posted its best quarterly gain since 2016 on Monday
Market attention turns toward comments from both Fed chair Jerome Powell and Fed governor Michelle Bowman later today
Brent crude futures for November delivery rose by 51 cents, or 0.71 percent, reaching $72.49 a barrel
A 4.6x oversubscription on $299.4 million issued
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance
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 Powell’s 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 increase
Economic outlook is uncertain and the committee is attentive to the risks to both sides of its dual mandate, a statement said
Following the Fed's decision, the dollar fell to its lowest since July 2023 then recovered, rising 0.37 percent to 100.97
Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel
Investments in Shariah-compliant CDs hit $11.95 billion during this period
India's August gold imports surged to $10.06 billion, compared with $3.13 billion in July
Brent oil futures decreased by 0.4 percent, settling at $73.41 a barrel
Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting
Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel
