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EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
The IMF expects growth to strengthen by 4.2 percent in 2025
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Brent futures rose by $2.63, reaching $89.74 per barrel
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Brent oil futures fell 0.1 percent to $89.89 per barrel
Strong dollar and rising treasury yields impact gold's appeal
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Central bank buying and geopolitical tensions drive gold's rally near record-high
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year
Brent crude futures for June delivery fell 23 cents, or 0.2 percent, to $90.22 per barrel
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
It offers a secure and streamlined approach to the storage and management of digital assets
Indian tourists’ greater spending potential, surge in Gen X travelers set to buoy tourism
