Skip to main content Skip to footer 
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
The country's annual inflation rate rose from 68.5 percent in March to 69.8 percent in April
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
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
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
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
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Decline in inflation indicators could bode well for the precious metal
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
