United States
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
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
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
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
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
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Company's revenue reached $80.54 billion, exceeding estimates of $78.59 billion
4 percent rise in shares increases company's stock market value by $128 billion
Decline in government spending contributes to moderation in U.S. economic activity
U.S. labor market supports growth with job gains averaging 276,000 per month in Q1 of 2024
Earnings to increase in the next two quarters as demand picks up during the summer driving season
