United States
Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth
Progress on inflation could support gold prices to retest a new all-time high once more
Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December
Brent oil futures slipped 0.1 percent to $79.11 a barrel
U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan
Dubai is the most popular city on TikTok, with over 29.7 million posts
Can the Fed intervene to calm global markets?
