China
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
Traders expect 80 basis points of rate cuts this year after strong job growth reported in April
The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions
The easing of trade tensions between the U.S. and China amid hopes for a deal is weighing on gold prices
Last month, Brent and WTI marked their biggest percentage drops since November 2021
Gold investment demand in the Middle East remained resilient amid continued geopolitical uncertainty
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Trump's tariffs have raised fears of a potential recession in the global economy this year
U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns
U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week
Investors will watch key U.S. economic reports this week, including job openings and payroll data
