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Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom
This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment
The dollar weakened to a nine-day low of 107.95 during the inauguration speech, before recovering above the 108.00 level
The Federal Reserve will likely hold interest rates steady on January 29
Despite the stable global growth forecast, disparities among countries are widening
Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel
Gold rose to its highest since December 12 after several sets of U.S. economic data pressured Treasury yields further
Easing underlying inflation in the U.S. renewed hopes of a less restrictive Fed policy this year
CPI reflects price changes for a fixed basket of 490 goods and services
Consensus U.S. GDP growth forecasts for 2025 are at +2.1 percent, a rosy forecast given the risks
Data on Tuesday showed that U.S. producer prices increased moderately in December
The U.S. dollar index fell 0.32 percent to 109.60, remaining near its two-year peak
Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated
Western Asia's economy is set to strengthen to 3.5 percent in 2025, driven by improved prospects in Saudi Arabia and Türkiye
The U.S. dollar index gained 0.17 percent to 109.83, making bullion less attractive for other currency holders
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
Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent
The benchmark 10-year Treasury yield hit its highest since May 2024 yesterday, impacting bullion's rise
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
Traders are awaiting the release of the U.S. jobs report on Friday for additional insight into the Fed's interest rate outlook
The central bank expects inflation to fall to 21 percent by the end of 2025
Projections were informed by critical factors and data, based on an average oil barrel price of $60
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
