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Analysts believe Beijing is likely to ramp up economic support measures to maintain its 2025 growth target of around 5 percent

U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17

The dollar index fell 0.4 percent, making gold more attractive to foreign currency holders

The White House announced recently exemptions for smartphones and computers from new tariffs

Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions

In Dubai, gold rates achieved remarkable gains, with 24-carat gold rising by AED0.5 to AED389

Etihad Cargo has added three additional weekly freighter flights to Shenzhen and two additional weekly flights to London

Technology products from China would face separate new tariffs along with semiconductors in the next two months, said Lutnick

Goldman Sachs expected oil prices to decline through 2026

Goldman Sachs hiked 2025 gold price target to $3,700/oz

Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35

Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent