Skip to main content
Skip to footer

China's central bank marked its 18th consecutive month of gold purchases in April

Gold prices have established a support base around the $2,280 mark over the past week

Maersk anticipates shipping disruptions to persist at least until the end of the year

Meanwhile, India and Indonesia continue to experience booming car sales

Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September

Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion

OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June

Core inflation to fall to 5.25 percent in 2024 and 3.43 percent in 2025

Powell's assurance that further rate hikes were off the table will help bullion

Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices

Investor sentiment remains cautious ahead of the interest rate decision by the US Federal Reserve

Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12

U.S. crude production escalates to 13.15 million barrels per day in February

At COP28, countries pledged a total of $792 million for loss and damage funding arrangements

Gold lost 2.2 percent last week amidst easing tensions in the Middle East

Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices

Al Ghais anticipates a rise in oil demand to 116 million barrels per day by 2045

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

Transport sector utilizes almost 90 percent of lithium-ion batteries

Non-oil trade between the UAE and Chile amounted to $305.1 million in 2023

Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges

The IEA expects China to account for 10 million electric vehicle sales this year

Australia's business confidence rises to the joint-highest in 14 months in April