iPhone | iPad
Android
Huawei
The visa will be similar to Schengen visa, allowing access to all six Gulf countries
KT APPDOWNLOAD
UAE: Gold prices steady in early trade
Investors were waiting for the US consumer inflation report due later this week to assess the Federal Reserve's decision about the interest rate hike
File photo
Gold prices were steady at the opening of the markets on Monday.
According to Dubai Jewellery Group data, the 24K was trading at Dh233.0 per gram at 9 am on Monday. While 22K, 21K and 18K opened the week at Dh215.75, Dh208.75 and Dh179.0 per gram, respectively.
Spot gold was mostly unchanged at $1,923.22 per ounce by 9.11 am UAE time.
Investors were waiting for the US consumer inflation report due later this week to assess the Federal Reserve's decision about the interest rate hike.
Zain Vawda, analyst, dailyFX, said the precious metal prices had a topsy-turvy week with an excellent start followed by a mid-week selloff before a recovery to end the week marginally higher.
Vawda said this week seems like a slow one after the action-packed week of Central Bank meetings.
“We have US Durable Goods Ordered which is usually not a leading indicator but following the 5.2 per cent contraction could add to concerns about the state of the US economy. This could also dent market hopes for a ‘soft landing’ and weigh on the US dollar giving gold further impetus for a move higher,” he said.
ALSO READ:
More news from Business
The benchmark S&P 500 index is up over 9% for the year
The MoU establishes a broad-based partnership between the participants
Acquisition is in line with its supply chain and development process
Aggregate capital and reserves of UAE-based banks increased by around Dh63 billion year on year
Sustainability, investor allocation, and innovation are key themes in investor conference
How the global diamond industry once again finds itself at a crucial turning point, and the ongoing role of the Kimberley Process as an apolitical driver for national sovereignty, industry agency and a workable template for other sectors
Parties involved are not required to start their financial years simultaneously, but having the same fiscal year end is crucial