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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
Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023
The number of luxury homes for sale increased 13 percent in the first quarter of 2024
The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia
Median house price jumps to seven-month high, rising 7.4 percent YoY in Q1
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
The IEA expects China to account for 10 million electric vehicle sales this year
The dollar climbed to 154.85 yen, its highest point since the middle of 1990
