interest rate
GCC banks' revenue-to-assets ratio is 3.2 percent, well above the global average of 2.3 percent
Investors today await the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure
The strong U.S. dollar is driven by expectations the Fed will keep rates high due to a robust economy
Gold prices remain impacted by the Fed's policy decisions and rising geopolitical tensions
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
Higher 10-year treasury yields and a stronger U.S. dollar trigger decline in gold prices
Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel
Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,
Gold prices declined over 1 percent on Friday on stronger dollar after U.S. business activity rose to a 26-month high in June
Dubai's headline consumer price index inflation averaged 3.4 percent annually in Q1 of 2024
If the inflation data is on the lower side, the Fed might lower interest rates twice this year
Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel
Decline is U.S. weekly jobless claims, new housing construction raised hopes for a rate cut in September
Brent crude futures for August delivery dipped slightly by 15 cents to $85.56 per barrel
Seven MPC members voted to hold the 5.25 percent rate, while two preferred a 0.25 percentage point cut to 5 percent
Gold prices have recovered from their 6 percent decline from their record high last month
Gold prices have lost around 6 percent from their record high on a stronger dollar and higher interest rates
Brent crude futures edged up 2 cents to $85.35 per barrel
U.S. producer prices surprisingly fell in May amid lower energy costs, indicating that inflation has subsided
Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel
Dollar index rose 0.17 percent, making greenback-priced gold less attractive to other currency holders
Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel
Asia gold demand surges as buyers turn to bullion as a hedge against geopolitical and economic uncertainty
