Wethio Project is committed to building a sustainable future for Africa and beyond
Goldman has predicted that gold is headed towards $1,750/oz while Citi has said it could reach $2,000/oz within the next 12 to 24 months.
"The (Covid-19 coronavirus) virus outbreak is likely to send it higher as it is difficult to see what at this stage can halt or pause the rally perhaps apart from its own success," said Ole Hansen, head of commodities strategy at Saxo Bank.
Vijay Valecha, Chief Investment Officer at Century Financial, said dips in the yellow metal to $1,665 and $1,643 can be considered as buying opportunities. "On the upside, $1,700 will act as a psychological resistance. UAE 24K Gold rate is expected to trade in the range of Dh198 to Dh205 in the near term," he said.
waheedabbas@khaleejtimes.com
Wethio Project is committed to building a sustainable future for Africa and beyond
Gaza Now's Arabic channel has more than 300,000 followers on social media channel X, and a large following on Telegram
The iftar gathering served as a platform for people from diverse backgrounds to come together, socialise, and rejoice in the celebration
The monk was charged for comments made at a press conference held in March 2016.
The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts
The UAE already has a 10-year Golden Visa programme for investors, entrepreneurs, property buyers and outstanding students since 2019