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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

Mubadala and its subsidiaries invested in 2024 $29.2 billion, up from $17.5 billion in 2023

Spot gold rose by 0.3 percent to $2,632.82 per ounce

Crude oil WTI futures for February delivery also surged 0.7 percent to $71.75 per barrel

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