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Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
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The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
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The report also forecasts growth in Asian markets after U.S. stocks recorded a positive performance
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The dollar index maintained its downward trend, declining 0.03 percent on Monday
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Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
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U.S. consumer prices increased less than expected in April, which supported bullion
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Decline in inflation indicators could bode well for the precious metal
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Stagflationary risks in the U.S. continue to support gold prices
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U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
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Softer U.S. jobless claims data contributed to the optimism surrounding gold
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Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
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Hotter-than-expected U.S. inflation data could potentially drive gold prices down
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China's central bank marked its 18th consecutive month of gold purchases in April
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Gold prices have established a support base around the $2,280 mark over the past week
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Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
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Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
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OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
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Powell's assurance that further rate hikes were off the table will help bullion
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Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
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Investor sentiment remains cautious ahead of the interest rate decision by the US Federal Reserve
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Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
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U.S. crude production escalates to 13.15 million barrels per day in February
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Gold lost 2.2 percent last week amidst easing tensions in the Middle East
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Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices