United States
Share of renewable source in global electricity supply is forecast to rise from 30 percent in 2023 to 35 percent in 2025
China's slower-than-expected economic growth sparked concerns over the country's demand for oil which continues to impact prices
Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
Fed officials noted that the path toward looser monetary policy has become shorter
Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting
Brent crude oil futures were down by 4 cents to $83.69 per barrel
Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent
