Central Bank
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Decline in inflation indicators could bode well for the precious metal
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Inflation rose to 69.8 percent in April, highest since late 2022
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
Surge in demand deposits fuels Saudi Arabia's money supply growth
The cost of borrowing will continue to be at a 16-year high
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
