This covers traffic violations incurred until 2023
Gold prices rose slightly on Tuesday morning as investors wait for the outcome of a policy meeting of the US central bank for clues to how it will fight growing inflationary pressures and worries over weaker economic growth.
Spot gold rose 0.09 per cent to $1,793.60 per ounce at 9.10 am UAE time. In the UAE, 24K gold price opened at Dh217.25 per gram on Tuesday morning, up Dh1.25 per gram from Monday morning price. While 22K, 21K and 18K opened at Dh204.25, Dh194.75 and Dh167.0 per gram, respectively.
Stephen Innes, managing partner at SPI Asset Management, expects gold to remain pressured in an environment of central bank tightening, with the US Federal Reserve most likely to announce the start of stimulus tapering in Wednesday's meeting.
Elevated price and wage increases may challenge the Fed as they try to strike a balance between containing inflation and supporting a recovery in jobs lost since the pandemic.
"But, provided US 10-year yields continue to trade around current levels, suggesting a weaker growth outlook in bondholders' minds, gold could remain supported," Innes told Reuters.
Benchmark 10-year yields have held above 1.5 per cent but retreated from the multi-month highs of around 1.7 per cent hit last month.
Innes said central banks were unlikely to start an aggressive rate hike campaign given the weaker economic data such as the Institute for Supply Management (ISM) survey on Monday that showed US manufacturing activity had slowed last month.
waheedabbas@khaleejtimes.com
This covers traffic violations incurred until 2023
Friday's polling will be held for 88 of the total 543 seats in the lower house or Lok Sabha of Parliament with 160 million people eligible to vote
The bank’s liquidity profile remains strong as evidenced by an advances to stable resources ratio of 76% and an eligible liquid asset ratio of 16%, both comfortably above regulatory thresholds
Binghatti Hills is set to become the most expansive development within the community
Temperature will reach up to 36ºC and 33ºC in Abu Dhabi and Dubai, respectively
Facing the reality of such a health challenge at the age of 32 was unimaginable for her
Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
Guardiola's team will be crowned champions for an unprecedented fourth successive season if they win their last five matches