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U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel
In the MENA region, 64 percent of chief economists surveyed by the World Economic Forum (WEF) expect moderate growth
Trump's 25 percent tariffs on steel and aluminum imports raised inflation fears, escalated trade tensions
Middle East recovery is expected to be fueled by an uptick in oil production and a reduction in regional conflicts
Gold hit an all-time high of $2,882.16 on Wednesday and has gained more than 2 percent this week
Fitch has reaffirmed Kingdom's credit rating at A+ with a stable outlook
Gold prices hit an all-time high of $2,882.16 in the previous session
Annual gold investment reached a four-year high of 1,180 tons, rising 25 percent year-on-year
U.S. President Donald Trump suspended tariffs on Mexico and Canada on Monday
When asked about the UK, the US president said that trade issues with the UK could be worked out
On Saturday, Trump levied 25 percent tariffs on Canadian and Mexican imports and 10 percent on goods from China starting February 4
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
