Team owner Mukesh Kochhar hails 'outstanding’ ladies as he pays tribute to his tried and tested squad of players
sports5 hours ago
Gold was trading in negative territory with the price dropping nearly one dirham per gram in the UAE on Wednesday morning.
Spot gold was down 0.14 per cent at $1,787.65 per ounce at 9.15 am UAE time.
In the UAE, 24K gold price opened at Dh216.5 per gram on Wednesday morning as compared to yesterday’s close of Dh217.75.
Among the other variants of the precious metal, 22K was trading at Dh203.5 per gram, 21K at Dh195.0 and 18K at Dh166.5.
Jeffrey Halley, senior market analyst for the Asia Pacific at Oanda, said gold probed $1,800 an ounce overnight but quickly retreated as US yields rose, finishing almost unchanged at $1,789 an ounce.
“Asian trading is moribund, gold edging slightly lower to $1,788.50 an ounce as regional markets move into holiday mode. Gold’s attempts to stage a meaningful recovery continue to disappoint, with traders cutting long positions at the very first sign of trouble intra-day. Gold lacks the momentum, one way or another, to sustain a directional move up or down,” said Halley.
He noted that it’s likely that gold will remain a forgotten asset class and face another week of choppy range trading.
-waheedabbas@khaleejtimes.com
Team owner Mukesh Kochhar hails 'outstanding’ ladies as he pays tribute to his tried and tested squad of players
sports5 hours ago
Authorities said the decision has been taken keeping the safety of the public in mind
uae6 hours ago
Inflation objective remains distant, US Federal Reserve says
business6 hours ago
Divided into at least three separate areas, the park will be a first-of-its-kind protected area in the emirate
uae6 hours ago
Lidia Stepanivna: She walked without food or water, and fell several times but her 'character' kept her going
europe6 hours ago
Dubai Police said that the emirate is expected to witness weather fluctuations during the coming hours
uae7 hours ago
UN estimates the amount of debris in the Gaza Strip at 37 million tonnes in mid-April, or 300 kilogrammes per square metre
mena7 hours ago
Ports, Customs, and Free Zone Corporation also advised to refrain from sailing unless absolutely necessary
uae7 hours ago