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Brent oil futures for November rose by 0.1 percent to $73.51 per barrel
Market awaits Federal chair Jerome Powell's remarks due later in the day, along with U.S. inflation data due on Friday
The central bank also announced a support package that included a 50-basis-point reduction on average interest rates for existing mortgages
Traders now await Fed chair Jerome Powell’s remarks on Thursday and U.S. inflation data on Friday for further policy cues
Market focus this week remains on Fed members' comments and the release of the U.S. PCE data on Friday
Declining interest rates globally, rising geopolitical tensions in the Middle East and the upcoming U.S. election boost gold to new high
Brent oil futures for November rose 0.5 percent to $74.83 per barrel
The dollar index fell 0.05 percent to 100.56, making gold less expensive for other currency holders
Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel
Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point increase
Economic outlook is uncertain and the committee is attentive to the risks to both sides of its dual mandate, a statement said
Following the Fed's decision, the dollar fell to its lowest since July 2023 then recovered, rising 0.37 percent to 100.97
Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel
India's August gold imports surged to $10.06 billion, compared with $3.13 billion in July
Brent oil futures decreased by 0.4 percent, settling at $73.41 a barrel
Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting
Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel
Mohamed Abu Basha shares insights on growth, interest rates, trends and opportunities
The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders
Brent crude futures for November rose by 3 cents to $71.64 a barrel
The dollar fell to a one-week low, making gold less expensive for other currency holders
The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
