United States
Fed, PMIs awaited for more economic cues
Gold holds above $2,150 support level
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
Prices sank below $2,150
The precious metal struggles to overcome resistance level of $2,200
Surprise decline in U.S. crude stockpiles supports prices
Copper prices cooled down after reaching 11-month highs
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Concerns over China's economic weakness continue to impact oil market
Last week, gold reached near record-high levels
The focus on U.S. inflation data, OPEC report influences oil prices
In the UAE, gold prices remained stable at the market opening
Mixed signals from U.S. jobs data impact prices
Federal Reserve signals drive gold to historic highs
Positive signals from U.S. Federal Reserve add to bullish sentiment
Bullion continues seventh consecutive rally amid economic uncertainty
Expectations of delayed U.S. interest rate cuts offset positive market indicators
Traders eye Fed Chair Powell's testimony for economic clarity
OPEC+ output cuts offset worries over China's economic growth
Subdued U.S. economic data and anticipation of Fed statement support bullion
Pledges by China to revamp economy add to investor worries about sluggish growth
Soft U.S. economic data pushed gold prices up $50 last week
