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Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
From economic signals to policies and developments in the Fed
Country’s trade volume with UAE, an important economic partner, hit $20 billion in 2023
Lower dollar index and U.S. Treasury bond yields support bullion's rise
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
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
The country's annual inflation rate rose from 68.5 percent in March to 69.8 percent in April
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
Qatar's medium-term outlook is more favorable with the IMF expecting growth to reach close to 4.5 percent
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease
