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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
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
Brent was on track to drop nearly 8 percent this week, while WTI was headed for almost a 6 percent decline
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20
Growth is stabilizing, the current account deficit is narrowing, risk premiums are down, says minister
Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut
The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations
