inflation
The U.S. dollar index gained 0.03 percent to 108.57, making bullion less attractive for other currency holders
Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent
The benchmark 10-year Treasury yield hit its highest since May 2024 yesterday, impacting bullion's rise
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
Traders are awaiting the release of the U.S. jobs report on Friday for additional insight into the Fed's interest rate outlook
The central bank expects inflation to fall to 21 percent by the end of 2025
Projections were informed by critical factors and data, based on an average oil barrel price of $60
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
22-carat gold stood at AED 292.25, 21-carat gold was priced at AED 283, while 18-carat gold was at AED 242.50
Gold prices have risen over 27 percent this year and are set for their best performance since 2010
