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Strong central bank buying, monetary policy easing and geopolitical tensions have driven gold prices to multiple record highs this year
Markets currently see a 70.1 percent chance of a 25-basis-point cut by the Federal Reserve in 12 days
Fed Chair Jerome Powell said on Wednesday the U.S. economy is stronger than the central bank expected in September
Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel
UAE's economy is set to grow from 3.7 percent in 2024 to 4.5 percent in 2025
Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting
Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel
The group will likely extend its output cuts until the end of the first quarter of 2025 amid supply concerns
The dollar index was up 0.07 percent to 106.52, reducing gold’s appeal among holders of other currencies
The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023
S&P now forecasts Chinese GDP growth of 4.1 percent in 2025 and 3.8 percent in 2026
The dollar index fell 0.14 percent to 105.90, raising gold’s appeal among holders of other currencies
