interest rate
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
Gold prices continued to decline as the U.S. dollar index was set for a slight weekly gain after Trump's election victory
This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August
