Skip to main content Skip to footer 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
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It offers a secure and streamlined approach to the storage and management of digital assets
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Cash is king… but not for long
70 percent of MENA organizations have clear targets, Bain & Company Middle East reveals
OPEC sees demand growing by 2.25 million barrels per day in 2024
Gold prices remained undeterred despite the robust U.S. job growth in March
Investors await consumer price index data from U.S. and China later this week
Western Europe leads number of visitors to Dubai with 773,000 tourists
The rise in prices is fueled by geopolitical tension and supply concerns