Prices jumped one dirham per gram on Thursday ahead of the US Federal Reserve announcement about interest rates
Prices jumped one dirham per gram on Thursday ahead of the US Federal Reserve announcement about interest rates
Safe-haven motives kept demand elevated in the fourth quarter, although the price rise held back some investors
The price of gold hit an all-time high at $2,135.39 an ounce at the end of 2023, which sent demand sliding
The yellow metal prices on Wednesday were headed for their first monthly dip in 4 months
Market capitalisation increased by 18% to Dh688 billion
Known as the 'City of Gold', Dubai attracts shoppers from around the world who come to buy gold and jewellery from the emirate
The currency is expected to 'remain in a small range,' on Tuesday
Globally, spot gold was trading slightly higher as traders awaited the US central bank's decision on key policy rates
After a recent dip to multi-week lows, the yellow metal has stabilised with reduced volatility
Forex traders say the currency is trading in a narrow range as the support from positive domestic equities was negated by foreign fund outflows