Skip to main content
Skip to footer
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
Stagflationary risks in the U.S. continue to support gold prices
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
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
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
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Rental prices drive Saudi Arabia's annual inflation increase in March
Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year
The rise in prices is fueled by geopolitical tension and supply concerns
Gold prices have reached new record highs in each session since last Thursday
Non-oil private sector saw a decline in cost inflation for the second month in a row
While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains
Globally, spot gold remained stable at $2,195.34 per ounce
Globally, spot gold stabilized at $2,179.98 per ounce
The precious metal struggles to overcome resistance level of $2,200
