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Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
Brent oil futures fell 0.1 percent to $75.95 a barrel
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped
Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel
This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency
This move reflects TCMB's commitment to a cautious monetary policy, balancing inflation control with economic risks
Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel
U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold
The quarter saw a 2.7 percent quarterly increase, adding around SAR46.724 billion to the reserve
Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
The issue date for these M-Bills is set for August 21, 2024
So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation
Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut
Progress on inflation could support gold prices to retest a new all-time high once more
CBRT governor cited $26.5 billion increase in reserves, 50 percent target for lira deposits amid global volatility
Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December
