Foreign minister says only a credible path to a Palestinian state will prevent the world from confronting the same situation in the future
mena2 hours ago
Gold rose on Thursday as global growth worries and volatility in stock markets boosted demand for the safe-haven metal, but gains were capped by a sharp rebound in equities.
Spot gold was up 0.3 per cent at $1,270.71 per ounce as of 0218 GMT, after hitting its highest since June 19 at $1,279.06 in the previous session.
In Dubai, 22k can be bought at Dh144.50 and buyers can get 24k at Dh153.75.
US gold futures fell slightly to $1,272.7 per ounce.
"Gold prices are primarily getting support on the back of safe-haven buying due to concerns about the health of the global economy and heightened volatility in risk assets," said Sugandha Sachdeva, vice president of metals, energy and currency research at Religare Broking Ltd.
However, upbeat US data and signs of easing trade tensions between Washington and Beijing limited demand for the metal.
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