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MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
U.S. consumer prices increased less than expected in April, which supported bullion
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Decline in inflation indicators could bode well for the precious metal
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Inflation rose to 69.8 percent in April, highest since late 2022
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
Surge in demand deposits fuels Saudi Arabia's money supply growth
The cost of borrowing will continue to be at a 16-year high
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
China's central bank marked its 18th consecutive month of gold purchases in April
Gold prices have established a support base around the $2,280 mark over the past week
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
