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![Global youth unemployment hits 15-year low of 13 percent, further decline projected over next 2 years](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
64.9 million young people worldwide were unemployed in 2023
![Foreign airlines pull China services as domestic airlines expand networks internationally](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Foreign carriers operated only 60 percent of pre-pandemic flights to China last month
![World’s population to reach 10.3 billion by 2080 with uneven demographic shifts across regions: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates
![Global oil demand growth slows in Q2 as EVs, economic headwinds impact consumption](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
![Public cloud spending projected to reach $675 billion globally by 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024
![Gold prices down ahead of U.S. consumer, producer data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
![Deflating geopolitical risk premium, hedge fund selling pushes oil to near two-month low: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
![Gold prices decline on geopolitical uncertainty, rate cut speculations](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Gold prices have established a support base around the $2,280 mark over the past week
![Gold prices inch up ahead of key U.S. payroll data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
![Oil prices edge up on prospects of OPEC+ maintaining output cuts](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
![Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
![Oil prices decline for the third day as U.S. crude inventories surge](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
U.S. crude production escalates to 13.15 million barrels per day in February
![Gold prices dip ahead of U.S. Fed meeting, key economic data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
![Oil prices dip ahead of Fed meeting as supply disruptions cool](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
![Gold prices increase ahead of key U.S. inflation data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
![Gold prices recover as markets await key U.S. economic data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
![Oil prices stabilize as focus shifts to U.S. economy, interest rates](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
![Gold prices hit over two-week lows on easing Middle East tensions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
![Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
![Gold prices decline as Middle East tensions ease, markets await U.S. inflation data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Bullion loses safe-haven appeal amidst reduced geopolitical risks
![Gold prices inch closer to all-time high on escalating geopolitical tensions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
![Oil prices soar $3 per barrel amid concerns of supply disruptionsÂ](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent futures rose by $2.63, reaching $89.74 per barrel
![Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
![Japanese oil refiners prepare for potential disruptions amid Middle East tensions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20768'%3E%3C/svg%3E)
Japan imports 95 percent of its oil from the Middle East