Worldwide
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Expected shortage of 10 million healthcare workers by 2030 to further exacerbate healthcare access
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Strong dollar and rising treasury yields impact gold's appeal
Low participation from U.S. investors bodes well for gold's rally
Spot gold rose 0.17 percent to $2,387.42 per ounce
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
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