To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
Gold prices firmed on Wednesday above the key psychological level of $1,800 on a weaker dollar, though gains were curbed by investor caution ahead of a Federal Reserve meeting that could offer clues on the US central bank's policy tapering plans.
Spot gold was up 0.26 per cent at $1,804.48 per ounce at 9.15am UAE time. The precious metal prices rose in the UAE in line with the global rates.
The Dubai Gold and Jewellery Group data showed 24K price rising by one dirham to Dh218.75 per gram on Wednesday morning as compared to Tuesday morning. Among the other variants of the precious metal, 22K rose to Dh205.5; 21K to Dh196.0; and 18K to Dh168.0 per gram.
"Gold is benefiting from some risk-hedging buying by investors ahead of tonight's FOMC (Federal Open Market Committee) meeting outcome. Overall, gold remains anchored within a broader $1,790-$1,810 range and lacks the momentum to convincingly break either side for now. That may change post-FOMC," Jeffrey Halley, a senior market analyst, Asia Pacific at Oanda, told Reuters.
The precious metal slumped 7 per cent in June after the Fed struck a hawkish tone in its last meeting. Investors will look for cues on when the central bank will begin to taper its monetary support amid fast-rising prices and any view on the looming threat from Delta variant of coronavirus.
The Fed will likely announce the first of a scheduled round of reductions to its bond purchase programme, but will leave its rate rising schedule still some ways down the road, Edward Meir, analyst with ED&F Man Capital Markets said in a note.
However, "any sell-off in gold will be more measured as the complex has discounted much of the Fed move already."
To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
The Argentine goalkeeper made the save that sent his side through to their first major European semi-final since 1982 after penalty chaos against Lille
After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
The Red beat Italian side Atalanta in the second leg quarter-final but lost 3-1 on aggregate as Leverkusen advance to semis despite 1-1 draw with West Ham
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
Passengers reaching their final destination without their baggage should contact the airport airline representative or contact their airline call centre, DXB said
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said