interest rate
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
U.S. consumer prices increased less than expected in April, which supported bullion
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Decline in inflation indicators could bode well for the precious metal
Stagflationary risks in the U.S. continue to support gold prices
