Central Bank
Gold prices declined over 1 percent on Friday on stronger dollar after U.S. business activity rose to a 26-month high in June
If the inflation data is on the lower side, the Fed might lower interest rates twice this year
Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel
Gross paid claims of all types of insurance plans increased by 18.3 percent YoY to AED8.4 billion in Q1 2024
Decline is U.S. weekly jobless claims, new housing construction raised hopes for a rate cut in September
Brent crude futures for August delivery dipped slightly by 15 cents to $85.56 per barrel
Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent
Gold prices have recovered from their 6 percent decline from their record high last month
Brent crude futures edged up 2 cents to $85.35 per barrel
U.S. producer prices surprisingly fell in May amid lower energy costs, indicating that inflation has subsided
Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel
