United States
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
The U.S. dollar index held steady at 109.09, nearing the two-year high it touched last week
The U.S. dollar index gained 0.03 percent to 108.57, making bullion less attractive for other currency holders
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
At the close of August 2024, Egypt's net international reserves reached $46.597 billion
Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development
The benchmark 10-year Treasury yield hit its highest since May 2024 yesterday, impacting bullion's rise
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Traders are awaiting the release of the U.S. jobs report on Friday for additional insight into the Fed's interest rate outlook
Amid demand optimism and dollar strength
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
