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64.9 million young people worldwide were unemployed in 2023
Foreign carriers operated only 60 percent of pre-pandemic flights to China last month
Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
Gold prices have established a support base around the $2,280 mark over the past week
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
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
U.S. crude production escalates to 13.15 million barrels per day in February
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
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Brent futures rose by $2.63, reaching $89.74 per barrel
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Japan imports 95 percent of its oil from the Middle East
