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Market awaits Federal chair Jerome Powell's remarks due later in the day, along with U.S. inflation data due on Friday
Traders now await Fed chair Jerome Powell’s remarks on Thursday and U.S. inflation data on Friday for further policy cues
Market focus this week remains on Fed members' comments and the release of the U.S. PCE data on Friday
Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point increase
Economic outlook is uncertain and the committee is attentive to the risks to both sides of its dual mandate, a statement said
Five categories experienced increases, four saw declines, and three remained stable
This stability positions Saudi Arabia's inflation rate among the most dependable globally
The dollar fell to a one-week low, making gold less expensive for other currency holders
The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
The general CPI rose to 231.1 points in August 2024, reflecting a monthly inflation rate of 1.9 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
Leaders will convene from September 9 to 12 to discuss innovations in capital markets and regulatory developments
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
Consumer price inflation (CPI) rose 2.47 percent in August, driven by higher gas prices
Growth is stabilizing, the current account deficit is narrowing, risk premiums are down, says minister
Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut
The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations
Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain
Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction
Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
