Sharjah jewellery show exhibits $1m gold-plated car
Gold
Latest in Gold
China
Gold drops on trade war truce hopes, dollar strength
Traders are also eyeing the release of the US Consumer Price Index on Tuesday for fresh signals on the Fed’s monetary policy trajectory
Bullion Market
Gold prices cross $3,100 as US tariff uncertainty propel safe-haven flows
Gold prices have hit multiple record highs, gaining more than 18 per cent so far this year
Gold
UAE gold prices: Is it the right time to invest? Experts weigh in
Should UAE investors buy gold amid record prices and market fluctuations? Here’s what experts told Arabian Business
Fractional Ownership
UAE app introduces gold leasing and fractional ownership as alternative metal investment
UAE investors can now buy as little as 0.1g of gold as fractional ownership scheme
CBUAE
UAE gold reserves reach $6.7bn
CBUAE gold reserves surged by 34.8 per cent in the first 10 months of 2024
Dubai
World’s largest gold bar on display in Dubai
Dubai Gold Souk Extension showcases world record 300kg gold bar
DMCC
Dubai gold rush forecast as UAE looks to grow $129bn trade flow
Dubai and the UAE are of global significance to changing global precious metal markets
Gold
Hubpay ventures into precious metals, linking UAE businesses with key gold markets
The firm said the move follows it recognizing the growing demand for reliable precious metals trading, particularly in Africa
Dubai Gold Souk
Dubai shoppers offered chance to win 24K gold-plated Tesla Cybertruck
Win a 24K gold-plated Tesla Cybertruck in Dubai’s Gold Souk Extension promotion
Canada
UAE investment firm Seventy Ninth Group doubles funding to $648k for UK metals explorer amid soaring gold prices
The increase from £230,000 to £500,000 reinforces The Seventy Ninth Group’s strong commitment to supporting First Class Metals PLC’s exploration initiatives
Bullion Market
Gold prices surge to all-time high on Friday as rate cut, US election uncertainties drive investors to the safe haven asset
The current rally in gold prices comes close on the heels of gold emerging as the standout asset in Q3, 2024, appreciating by a whopping 13.8%
Gold
Saudi Arabia’s Qassim region has $32.6bn untapped mineral resources with huge gold reserves
Saudi Arabia is looking to boost mining industry and has massive untapped resources in Qassim
Gold
Surge in India’s gold demand expected on the back of import duty cut, wedding season purchases
The country’s gold imports more than tripled to 140 tons in August from the previous month
Commodities
Gold rush: Central banks that bought the most gold in H1 2024
Analysts suggest that gold’s appeal is likely to persist if economic instability continues
European Central Bank
Gold hits record highs on ECB rate cut, US Fed easing optimism grows
The ECB’s decision to implement its second rate cut in three months has fueled investor optimism about declining global interest rates
Gold
Gold prices surge to new heights; reach above $2,500 in anticipation of higher rate cut
A break above the year-to-date high of $2,531 could lead to further gains, according to market experts