Team owner Mukesh Kochhar hails 'outstanding’ ladies as he pays tribute to his tried and tested squad of players
sports4 hours ago
Gold prices eased on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion.
Spot gold was down 0.44 per cent at $1,898.37 per ounce, as of 9.12 am UAE time.
In the UAE, 24K gold prices fell from Dh230.75 on Tuesday evening to Dh230.0 per gram on Wednesday morning. Also, 22K, 21K and 18K prices slipped to Dh216.0, Dh206.0 and Dh176.75 per gram respectively at the opening of the market on Wednesday..
The dollar held steady after climbing to its highest since March 2020 on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback.
A stronger dollar makes greenback-priced gold less attractive for other currency holders.
Gold prices had found some support in the previous session as investors sought cover from fears of stalling global economic growth and soaring inflation.
Bullion is seen as a safe store of value during economic and political crises.
Russia will on Wednesday stop supplying gas to Poland and Bulgaria, the two Nato and EU members said, an escalation in the deepening rift between the West and Moscow over Ukraine as tensions also surged in neighbouring Moldova.
waheedabbas@khaleejtimes.com
Team owner Mukesh Kochhar hails 'outstanding’ ladies as he pays tribute to his tried and tested squad of players
sports4 hours ago
Authorities said the decision has been taken keeping the safety of the public in mind
uae5 hours ago
Inflation objective remains distant, US Federal Reserve says
business5 hours ago
Divided into at least three separate areas, the park will be a first-of-its-kind protected area in the emirate
uae5 hours ago
Lidia Stepanivna: She walked without food or water, and fell several times but her 'character' kept her going
europe5 hours ago
Dubai Police said that the emirate is expected to witness weather fluctuations during the coming hours
uae6 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
mena6 hours ago
Ports, Customs, and Free Zone Corporation also advised to refrain from sailing unless absolutely necessary
uae6 hours ago