interest rate
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation
Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut
Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth
Progress on inflation could support gold prices to retest a new all-time high once more
CBRT governor cited $26.5 billion increase in reserves, 50 percent target for lira deposits amid global volatility
Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December
Egypt's inflation rate has declined for the last five months after reaching a record high of 38 percent in September 2023
U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
Challenges remain in education, housing, and hotels
