Russia
In five days, the Federal Reserve will meet to decide on whether to cut interest rates this month
Brent Oil Futures dipped slightly to $73.50 a barrel
Inflation data could help set market expectations for the Fed's 2025 policy
Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year
Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel
Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel
Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting
Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel
The group will likely extend its output cuts until the end of the first quarter of 2025 amid supply concerns
The dollar index was up 0.07 percent to 106.52, reducing gold’s appeal among holders of other currencies
In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50
