Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
Gold prices rose on Monday morning, staying above $1,800 per ounce at the opening of the market as the US dollar held firm.
Spot gold was trading at $1,806.31 per ounce at 9.15am UAE time, up by 0.34 per cent.
In the UAE, 24K price rose from Dh218.25 per gram to Dh219.0 on Monday morning. Among the other variants of the precious metal, 22K opened at Dh205.5 per gram, 21K at Dh196.25 and 18K at Dh168.25.
While the dollar index held close to a 3-1/2-month peak hit last week, making gold more expensive for holders of other currencies.
Naeem Aslam, chief market analyst at Ava Trade, said investors should understand that real interest rates are deeply negative, depicting the rise in inflation and that the US Federal Reserve is unlikely to raise real interest rates in the short term. “These factors have influenced stock traders to channel resources to the bullion,” he said.
“Remember that the Federal Open Market Committee meeting is scheduled for next week. The meeting would provide investors with clues about potential policies influencing the future outlook of interest rates and hence an insight into future gold prices, as higher interest rates are followed by a rise in the value of the US dollar and vice versa,” he added.
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
It's a treatise that would determine the course of your life, not just academically, but as a person too
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026
The project’s aim is to generate funds for Harmony House, an orphanage located in India's Gurgaon