interest rate
Egypt's annual headline inflation remained broadly stable for the third consecutive month, at 26.5 percent in October 2024
The U.S. dollar picked up again, rising to around a 13-month high after gaining 0.17 percent to 107.14
The U.S. dollar index fell 0.11 percent to 106.57, making gold prices more appealing for other currency holders
Several Federal Reserve officials this week are expected to provide additional insight into the U.S. rate cut trajectory
Geopolitical risks stemming from the Russia-Ukraine war and the ongoing conflicts in the Middle East continue to raise safe-haven demand for gold
The U.S. dollar index lost some of its recent gains after rising 1.6 percent last week
As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel
Data on Thursday showed that U.S. producer prices picked up in October, adding to signs that progress toward lower inflation was stalling
The U.S. dollar rose to a one-year high while treasury yield rose to its highest since July
Brent oil price will average $75 per barrel in the fourth quarter of 2024 and over 2025-2027, which will be helpful for most GCC countries
Markets currently await the release of the U.S. Consumer Price Index data
