inflation
The strong U.S. dollar is driven by expectations the Fed will keep rates high due to a robust economy
Gold prices remain impacted by the Fed's policy decisions and rising geopolitical tensions
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
Higher 10-year treasury yields and a stronger U.S. dollar trigger decline in gold prices
Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel
Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,
Gold prices declined over 1 percent on Friday on stronger dollar after U.S. business activity rose to a 26-month high in June
ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year
Dubai's headline consumer price index inflation averaged 3.4 percent annually in Q1 of 2024
The support aims to boost Egypt's private sector, fiscal resilience, and green growth
If the inflation data is on the lower side, the Fed might lower interest rates twice this year
Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel
Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent
Gold prices have recovered from their 6 percent decline from their record high last month
Brent crude futures edged up 2 cents to $85.35 per barrel
U.S. producer prices surprisingly fell in May amid lower energy costs, indicating that inflation has subsided
Dollar index rose 0.17 percent, making greenback-priced gold less attractive to other currency holders
Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion
Asia gold demand surges as buyers turn to bullion as a hedge against geopolitical and economic uncertainty
Brent crude futures for August delivery gained 0.2 percent to $82.09 per barrel
One in four developing economies is expected to remain poorer than it was on the eve of the pandemic in 2019
The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement
