inflation
Brent crude futures edged up 2 cents to $85.35 per barrel
U.S. producer prices surprisingly fell in May amid lower energy costs, indicating that inflation has subsided
Dollar index rose 0.17 percent, making greenback-priced gold less attractive to other currency holders
Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion
Asia gold demand surges as buyers turn to bullion as a hedge against geopolitical and economic uncertainty
Brent crude futures for August delivery gained 0.2 percent to $82.09 per barrel
One in four developing economies is expected to remain poorer than it was on the eve of the pandemic in 2019
The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement
Upcoming U.S. consumer price index data may impact Fed's policy rate projections
Brent crude futures fell 11 cents, or 0.13 percent, to $81.52 per barrel
