interest rate
Spot gold was up 0.1 percent at $3,025.12 an ounce
The U.S. dollar index gained 0.15 percent to 104.01 on Friday, making crude more expensive for foreign buyers
Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week
Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower
Downward trends followed Beijing's decision to maintain the five-year and one-year loan prime rates at 3.6 percent
U.S. oil demand remained strong as distillate inventories fell more than expected by 2.8 million barrels
So far this year, gold has recorded 16 record highs, four of which were above the $3,000 milestone
The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent
The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty
Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged
Gradual oil output hikes in the GCC region will generate oil-sector growth of 3.2 percent this year, following two years of contraction
