interest rate
The cost of borrowing will continue to be at a 16-year high
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
China's central bank marked its 18th consecutive month of gold purchases in April
Gold prices have established a support base around the $2,280 mark over the past week
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
