inflation
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
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Inflation rose to 69.8 percent in April, highest since late 2022
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
