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Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
22-carat gold stood at AED 292.25, 21-carat gold was priced at AED 283, while 18-carat gold was at AED 242.50
WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel
Gold prices have risen over 27 percent this year and are set for their best performance since 2010
The dollar index dipped 0.09 percent to 108.16, making bullion more attractive for other currency holders
Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan will join BRICS as partner countries
In the past year, gold prices have gained over 27 percent, positioning bullion for its most successful year since 2010
Brent oil futures for February rose by 0.4 percent to $72.91 a barrel
Brent crude futures for February rose by 0.4 percent to $73.20 a barrel
Expectations of fewer cuts in 2025 pushed gold prices to their lowest since November 18 last week
Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel
