China
The U.S. dollar index held steady at 109.09, nearing the two-year high it touched last week
The U.S. dollar index gained 0.03 percent to 108.57, making bullion less attractive for other currency holders
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
Amid demand optimism and dollar strength
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
Spot gold rose by 0.3 percent to $2,632.82 per ounce
Crude oil WTI futures for February delivery also surged 0.7 percent to $71.75 per barrel
WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel
