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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

Trump announced lately that phones, computers, and chips would be exempt from the new tariffs

This increase marks the highest reading since July 2023

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

The region recorded the strongest relative increase in international arrivals in 2023, with visitor numbers reaching 83 percent of pre-pandemic levels

The Kingdom’s space market is anticipated to reach $5.6 billion by 2035

Goldman Sachs expected oil prices to decline through 2026

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

Makkah leads Saudi tourism surge with 1,030 new hospitality licenses