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Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
Finland's wind power capacity has increased so rapidly in recent years, by 75 percent to 5,677 megawatts in 2022 alone
Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions
Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)
Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week
U.S. consumer prices increased less than expected in April, which supported bullion
Qatar, U.S. seek to enhance cooperation in the commercial, investment and industrial sectors
Decline in inflation indicators could bode well for the precious metal
The company's latest model revolutionizes ChatGPT, offering unprecedented capabilities
Stagflationary risks in the U.S. continue to support gold prices
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Softer U.S. jobless claims data contributed to the optimism surrounding gold
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
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
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
The move seeks to empower vulnerable communities and individuals
The move will strengthen Malaysia's global AI development support
