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The sector will surpass its previous record by an additional $770 billion, the report says
The rise in prices is fueled by geopolitical tension and supply concerns
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
The reserves surged by 14.4 percent
The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028
Gold prices have reached new record highs in each session since last Thursday
Mixed U.S. inventories impact crude oil gains, production offset by fuel demand
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
China and U.S. demand boost prices amid Middle East conflict
U.S. dollar and Treasury yields remain firm, dimming expectations for June interest rate cuts
Softer U.S. inflation report strengthens bullish sentiment
China's manufacturing activity expanded for the first time in six months in March
