The attack was planned by the group, who armed themselves with weapons and used a level of violence that can only suggest they intended to kill him
Gold prices opened higher on Thursday morning, as investors awaited the release of US non-farm payroll data for April due on the weekend.
Spot gold was up 0.32 per cent or $5.71 an ounce at $1,785.05 by 9.50am UAE time.
According to Dubai Gold and Jewellery Group data, 24K gold was priced at Dh216.5 per gram at the opening of trade on Thursday morning, as against Dh215.75 on Wednesday morning. The other variants of the precious metals also gained on Thursday as 22K rose to Dh203.5, 21K gained to Dh194.25 and 18K jumped to Dh166.5 per gram on Thursday morning.
Investors are looking forward to Friday's US monthly jobs report, which is expected to show nonfarm payrolls increased by 978,000 jobs in April.
Ole Hansen, head of the commodity strategy at Saxo Bank, said gold remains range-bound, as it struggles to find a bid strong enough to challenge key resistance at $1,800.
“The short-term technical outlook, however, still looks promising above $1,765 and a break above $1,800 could signal a move towards the $1,818 and $1,833, an area that undoubtedly would begin to shake out long-held trends following short positions,” Hansen added.
-waheedabbas@khaleejtimes.com
The attack was planned by the group, who armed themselves with weapons and used a level of violence that can only suggest they intended to kill him
Fallen crypto hero offers apology to his former FTX colleagues
Sector’s GDP contribution is expected to have nearly doubled this year from 2021 to 36.1%
Rice is grown on 416,000 hectares across Europe and total production amounts to 2.8 million tonnes per year
Investigators say the attackers had received significant amounts of cash and cryptocurrency from Ukraine
Complete breakdown of the positions, along with instructions for job seekers on where to submit their CVs
The company aims to capitalise on technology by connecting its cars with its phones and home appliances
After a five-decade-long career, Juergen Hasenkopf, 73, says he can continue to travel around the world for 10 more years