CBUAE gold reserves valued at more than $5bn
gold prices
Asteco
UAE residents plan Eid Al Adha holidays; Emaar announces $15bn community; Dubai real estate records – 10 things you missed this week
UAE Eid holiday plans, Dubai real estate analysis, school fee discounts, cruising, cycling and metro transport updates and more of the top stories this week
Dubai
UAE gold price: Should investors buy right now? Experts weigh in
Gold remains an appealing investment during high inflation periods due to its ability to preserve purchasing power and hedge against currency depreciation and volatility, however, experts suggest to make planned investments
gold investment
Gold prices move up as rising Fed rate cut expectations boost appeal
Spot gold rose 0.1 percent at $2,388.10 per ounce in morning trading hours on Thursday
gold imports
India’s March gold imports seen plummeting over 90% as record prices curb demand: Report
The UAE is the second largest exporter of gold to India
gold prices
Gold prices hit fresh lifetime high on dovish Fed commentary
Spot gold rose 0.7% to $2,201.94 an ounce in early trading hours on Thursday in Singapore
gold investment
Gold prices slide on Monday
While gold prices fell sharply from highs above $2,050 an ounce, the US dollar shot up to a near two-month high
Gold
India’s gold imports surge 26.7% to $35.95 billion in Apr-Dec
December 2023 alone, imports of the precious metal jumped by 156.5 percent to $3 billion
Gold
Gold prices surge to $2,025.99 per ounce
The firming up of gold prices is mainly attributed to the speculations on US Federal Reserve chair Jerome Powell’s remarks this week for cues on interest rate trajectory
gold investment
Gold price spikes on hopes of Fed rate cuts
Analysts expect an uptick in investment demand for gold as investors broadly expect the Federal Reserve to have finished tightening monetary policy this year
geopolitics
Crude, gold prices jump as Middle East tensions escalate
Gold prices rose more than 1% in early trading hours on Monday as the sudden flare up boosted demand for safe-haven assets like bullion
crude oil future price
Oil prices hit near 10-month high, gold prices decline as investors await latest US inflation data
Brent futures climbed 1.6 percent to settle at $92.06 a barrel on Wednesday
Gold market
Gold prices on track to post highest 4-month gain
According to data for retail gold in Dubai, price of 24K gold was at AED 238.75 per gram on Tuesday morning, up from AED 236.75 yesterday
Gold
Gold prices react to US jobs data, prompting doubts on rate hike trajectory
Spot gold was up 0.1 percent at $1,925.49 per ounce in early trading hours in Asian markets on Monday
Bullion Market
Jewellers getting more inquiries for gold after India withdraws Rs 2,000 notes
The surge in enquiries is seen pushing up gold prices in India to about $797 per 10 gms, as some jewellers have starting charging a 5-10 percent premium for purchases in exchange for the high value notes
Aziz Moti
Why gold is essential in turbulent markets
With the global economy facing headwinds, investors should look to gold as alternative