He was shot while greeting supporters after a government meeting
world1 hour ago
Gold rose on Thursday as a drop in equities boosted its appeal as an alternative asset, heading for its biggest quarterly gain in nearly 30 years as expectations that the Federal Reserve would press ahead with interest rate hikes receded.
The metal is highly exposed to rising rates, which lift the opportunity cost of holding non-yielding assets while boosting the dollar. It fell 10 per cent last year ahead of the first US rate increase in nearly a decade in December.
Spot gold was up 0.8 per cent at $1,234.61 an ounce at 0921 GMT, while US gold futures for April delivery were up $8 an ounce at $1,236.60.
Gold has climbed 16 per cent in the first three months of this year, its biggest quarterly rise since 1986, as concerns over global growth battered equities and sparked a wave of safe-haven buying.
He was shot while greeting supporters after a government meeting
world1 hour ago
The floods came a day after provincial police said more than 50 people were killed in flash flooding in the western province of Ghor
asia1 hour ago
Artworks were displayed at City Walk and The Beach, JBR
uae2 hours ago
It is strictly prohibited to install coolers in public places without first obtaining the municipality's approval
uae2 hours ago
People were fleeing to areas without water supplies or adequate sanitation
world2 hours ago
Certain resident juridical persons are exempt from corporate tax
business2 hours ago
New LED bulbs will reduce electricity consumption by 17 per cent, improve visibility for drivers
uae2 hours ago
Banks in the region have benefited from the increase in US interest rates
business2 hours ago