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The dollar weakened to a nine-day low of 107.95 during the inauguration speech, before recovering above the 108.00 level
The Federal Reserve will likely hold interest rates steady on January 29
Despite the stable global growth forecast, disparities among countries are widening
Gold rose to its highest since December 12 after several sets of U.S. economic data pressured Treasury yields further
Easing underlying inflation in the U.S. renewed hopes of a less restrictive Fed policy this year
Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel
Consensus U.S. GDP growth forecasts for 2025 are at +2.1 percent, a rosy forecast given the risks
Crude oil WTI futures expiring in March inched up 0.1 percent to $76.45 a barrel
Data on Tuesday showed that U.S. producer prices increased moderately in December
IMF and OECD estimate that global growth could hit 3.2 to 3.3 percent this year
The U.S. dollar index fell 0.32 percent to 109.60, remaining near its two-year peak
Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated
Western Asia's economy is set to strengthen to 3.5 percent in 2025, driven by improved prospects in Saudi Arabia and Türkiye
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
The U.S. dollar index gained 0.17 percent to 109.83, making bullion less attractive for other currency holders
Prices are set for weekly gains as uncertainty over U.S. interest rates and trade tariffs boosts safe haven demand
Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
The U.S. dollar index held steady at 109.09, nearing the two-year high it touched last week
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
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
