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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
The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders
Brent crude futures for November rose by 3 cents to $71.64 a barrel
National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion
The dollar fell to a one-week low, making gold less expensive for other currency holders
The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts
Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
The bills have a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650
On August 19, KCB announced a similar allocation of bonds and tawarruq for three months at the same value and return rate
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
In Q2, demand for trade credit remained strong, with a greater appetite for lending
The central banks will share expertise and resources to address challenges and boost economic development
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
By the end of May, these banks had elevated their equity investments to AED16.1 billion
So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20
Growth is stabilizing, the current account deficit is narrowing, risk premiums are down, says minister
