Skip to main content Skip to footer 
Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth
Progress on inflation could support gold prices to retest a new all-time high once more
CBRT governor cited $26.5 billion increase in reserves, 50 percent target for lira deposits amid global volatility
Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December
Egypt's inflation rate has declined for the last five months after reaching a record high of 38 percent in September 2023
U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
Challenges remain in education, housing, and hotels
Japanese stocks rebounded sharply on Tuesday after their biggest single-day decline since the 1987 Black Monday sell-off in the previous session
U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market
Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September
Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East
If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally
The Bank of England and the Bank of Japan's policy meetings are also due this week
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Investors will closely watch the Fed's interest rate decision on Wednesday, with no change in interest rates expected
Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel
Egypt's inflation to average around 25 percent in H2 of 2024, down from 31 percent in H1
U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut
Brent oil futures expiring in September were stable at $82.38 per barrel
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
Foreign currency inflows into the local market have jumped by about 200 percent
