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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
The dollar index was up 0.15 percent to 106.25, reducing gold's appeal among holders of other currencies
With Trump back in focus, the precious metals market may see some uncertainty ahead
China's crude imports rebounded in November as lower prices drew stockpiling demand
Despite the sharp decline in the U.S. dollar, gold prices fell on prospects of easing tensions in the Middle East
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
Higher inflation levels may force the Fed to a slower easing path, further supporting the dollar and impacting gold prices
U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election
The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election
