inflation
Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Global physically backed gold exchange-traded funds saw inflows for the second month straight in June
The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE
Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year
Unemployment reached a 2.5-year high of 4.1 percent, signaling a softer U.S. labor market
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel
This marks first decrease in months as disinflation process begins
