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The dollar index maintained its downward trend, declining 0.03 percent on Monday
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
U.S. consumer prices increased less than expected in April, which supported bullion
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
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Food prices remained unchanged at 5 percent in March compared to February
