inflation
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term
Inflation would start to decelerate in June after reaching its maximum in May, Central Bank governor said
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
Brent oil futures for July delivery held steady at $83.61 per barrel
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Strong dollar, possible interest rate hikes are major risks to gold prices
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
