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Despite the sharp decline in the U.S. dollar, gold prices fell on prospects of easing tensions in the Middle East
Egypt's annual headline inflation remained broadly stable for the third consecutive month, at 26.5 percent in October 2024
The U.S. dollar picked up again, rising to around a 13-month high after gaining 0.17 percent to 107.14
The U.S. dollar index fell 0.11 percent to 106.57, making gold prices more appealing for other currency holders
Several Federal Reserve officials this week are expected to provide additional insight into the U.S. rate cut trajectory
Geopolitical risks stemming from the Russia-Ukraine war and the ongoing conflicts in the Middle East continue to raise safe-haven demand for gold
The U.S. dollar index lost some of its recent gains after rising 1.6 percent last week
Data on Thursday showed that U.S. producer prices picked up in October, adding to signs that progress toward lower inflation was stalling
The U.S. dollar rose to a one-year high while treasury yield rose to its highest since July
Markets currently await the release of the U.S. Consumer Price Index data
Investors are focusing on upcoming inflation data for clues on how the economy may shift after the election resultsÂ
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U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election
The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election
Gold prices continued to decline as the U.S. dollar index was set for a slight weekly gain after Trump's election victory
This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August
Trump's victory fueled questions about whether the Federal Reserve may proceed to cut rates at a slower and smaller pace
October data signaled continued investment in staff to boost capacity and retain skilled and experienced staff
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 initiativesÂ
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
