Central Bank
Amid trade war concerns and weaker dollar
The overnight deposit, lending, and main operation rates were cut by 2.25 percent each
A remarkable drop from its peak of 4 percent in mid-2023
Demand deposits constituted the largest share, accounting for 48.5 percent or SAR1.47 trillion
Agreement aims to strengthen cooperation and information exchange in areas of mutual interest
White House's 104 percent tariffs on China spiked the VIX, causing sharp declines in major indices
Bullion prices slipped by as much as 2.7 percent before paring some losses on Monday
OPEC+ now aims to return 411,000 barrels per day to the market in May, up from 135,000 bpd as initially planned
Gold prices have set more than 15 records this year and achieve a nearly 19 percent increase year-to-date
U.S. economic slowdown and rising inflation could drive gold prices to $3,300 in the next months
Bullion gained 1.8 percent so far this week, placing it on track for a fourth straight weekly gain
