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Gradual oil output hikes in the GCC region will generate oil-sector growth of 3.2 percent this year, following two years of contraction
Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this week
Trump's tariffs may fuel inflation, pushing safe-haven gold to a record high of $2,956.15
Crude prices rose from three-year lows, aided by improving sentiment and a weaker dollar
Trump's actions, spurred by Doug Ford's electricity charge threat, unsettled markets and inflation concerns
Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow
The dollar index neared a four-month low, making bullion cheaper for global buyers
West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel
Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent
The average GDP growth rate at constant prices was 3.9 percent from 2021 to 2023
As inflation continues to decelerate, the central bank is widely expected to deliver another 250 basis-point cut this week
In GCC markets, investor sentiment could be impacted by concerns over the economic fallout from new U.S. tariffs on China, Canada and Mexico
