interest rate
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Inflation rose to 69.8 percent in April, highest since late 2022
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
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
