Skip to main content
Skip to footer
China's central bank marked its 18th consecutive month of gold purchases in April
Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
Gold prices have established a support base around the $2,280 mark over the past week
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
The move seeks to empower vulnerable communities and individuals
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
The move will strengthen Malaysia's global AI development support
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
Powell's assurance that further rate hikes were off the table will help bullion
Interest rate cuts by the Fed, expected earlier this year, have been delayed due to stubbornly high inflation
U.S. crude production escalates to 13.15 million barrels per day in February
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
The agreements aim to promote private sector involvement in the country's economic growth
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023
