inflation
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
U.S. consumer prices increased less than expected in April, which supported bullion
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Decline in inflation indicators could bode well for the precious metal
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
Stagflationary risks in the U.S. continue to support gold prices
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
