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Saudi Arabia's PMI rose from 56.9 in October to 59 in November, marking the fourth consecutive month of expansion
This represents a $505.86 million increase over the previous year
Saudi Arabia's inflation rate recorded a slight increase of 0.1 percent compared to August 2024
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Brent oil futures for July delivery held steady at $83.61 per barrel
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Strong dollar, possible interest rate hikes are major risks to gold prices
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
U.S. consumer prices increased less than expected in April, which supported bullion
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Decline in inflation indicators could bode well for the precious metal
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
