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In the Asian stock market, Japan’s Nikkei rose 0.3 percent and Taiwan’s benchmark climbed 1.09 percent
Spot gold was up 0.2 percent at $3,328.89 per ounce after recent lows
Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets
Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections
Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range
A stronger dollar and prospects of fewer U.S. interest rate cuts weighed on investor sentiment this week
Governor emphasized that interest rates are on a gradual downward path for the U.K.
Auction results for two-year, five-year, and seven-year notes will be announced next week
Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.
Gold, which hit a record high of $3,500 in April, has moved into a consolidation phase while awaiting the next potential bullish trigger
After keeping interest rates in the 4.25-4.50 percent range, Fed policymakers signaled that rate cuts are still likely to happen in 2025
Analysts predict gold prices could reach $3,700 per ounce by the end of 2025
