interest rate
Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East
If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally
The Bank of England and the Bank of Japan's policy meetings are also due this week
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Investors will closely watch the Fed's interest rate decision on Wednesday, with no change in interest rates expected
Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel
Egypt's inflation to average around 25 percent in H2 of 2024, down from 31 percent in H1
U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut
Brent oil futures expiring in September were stable at $82.38 per barrel
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
