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Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure
Bullion gained more than 1 percent so far this week, rising to an all-time high of $2,954.69 on Thursday
The decision strengthens the Kingdom's financial identity on local, regional, and international fronts
Gold was trading near its all-time high of $2,946.85 it hit on Wednesday
Spot gold dropped 0.2 percent to $2,928.52, while U.S. gold futures fell 0.1 percent
West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel
Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks
Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel
On Thursday, Trump asked his economics team to set up plans for reciprocal tariffs on every country taxing U.S. imports
These comments follow Powell's statement that policymakers shouldn't rush to cut rates amid inflation
This highlights SAMA’s ongoing commitment to advancing the Saudi fintech sector, promoting financial inclusion and innovation
The U.S. Consumer Price Index (CPI) report is scheduled for release at 13:30 GMT later today
