inflation
U.S. dollar surged to a near four-month high in reaction to the U.S. election exit polls, making bullion less attractive for other currency holders
Despite markets largely expecting the quarter-point cut this week, gold prices may still see a reaction to the decision
Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project
The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives
Georgieva noted that Egypt's inflation reached 37 percent in 2023 but has decreased to between 25 percent and 26 percent
Uncertainty surrounding the election and the U.S. central bank's policy decision could support gold prices this week
Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty
Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year
Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025
