Gold and silver rally as soft US data fuels market optimism
Gold and silver rally as soft US data fuels market optimism
Fresh signs of a cooling economy calmed inflation worries
Strong investor interest drives oversubscription
The 24K variant of the yellow metal was trading at Dh288 per gram as compared to last night’s close of Dh287.5 per gram
Spot gold was trading at $2,391.93 per ounce at 9.10 am UAE time on Thursday
The CPI rose 0.3 per cent last month after advancing 0.4 per cent in March and February, suggesting that inflation resumed its downward trend
Investors are watching the US Consumer Price Index (CPI) that is to be released on Wednesday
Parkin’s share sale contributed 37.2 per cent of the total IPO value
Investors have been looking at the US Federal Reserve to learn more about interest rate cuts
Due to the ongoing closure of Floating Bridge and traffic diversion, Al Maktoum Bridge gate saw revenue-generating trips increase by 49% YoY