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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