iPhone | iPad
Android
Huawei
Sheikh Hamdan joined the kids as they browsed through some photos that captured how they used broomsticks and helped their community
KT APPDOWNLOAD
UAE: Gold prices flat as Ukraine-Russia tension eases
24K gold price opened at Dh224.5 per gram
File
Gold prices were flat on Wednesday morning, after hitting an eight-month high in volatile trade on Tuesday, as easing Russia-Ukraine tensions countered support from weaker bond yields.
Spot gold was little changed at $1,852.89 per ounce at 9.15 am UAE time.
In the UAE, 24K gold price opened at Dh224.5 per gram on Wednesday morning, up Dh0.25 per gram. While 22K, 21K and 18K opened at Dh210.75, Dh201.25 and Dh172.5 per gram, respectively.
Edward Moya, senior market analyst at Oanda, said gold prices tumbled over a de-escalation in geopolitical tensions between Ukraine and Russia.
“Optimism that Russia could pull back some troops was the primary domino that sent gold lower. Gold was ripe for some profit-taking but a sustained move lower might not happen as Wall Street remains mostly confident that the US Federal Reserve won’t overtighten policy this year. Gold prices should see strong support from the $1,830 to $1,840 zone as the easing of geopolitical tensions,” added Moya.
-waheedabbas@khaleejtimes.com
More news from
The family's furniture, household appliances as well as the books and stationery of the children were destroyed in the April 16 floods
The 22-time Grand Slam champion and his wife Maria Francisca Perello welcomed their first child together in October 2022
In line with this year’s theme BNI UAE’s Expo has renowned speakers who will share experiences igniting breakthrough journeys through networking
The Hyderabad-based franchise achieved the coveted century landmark n just their eighth match of the season
The esteemed event celebrated Shah's remarkable leadership and contributions to the automotive industry
The artist will present a solo recital at Dubai Opera Studio on April 28
