The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment5 hours ago
Gold prices rose on Monday morning after the US dollar retreated and investor concerns that the Delta coronavirus variant could dampen the global economic recovery also lifted bullion's safe-haven appeal.
Spot gold was up 0.49 per cent at $1,787.18 per ounce at 9.15am UAE time.
In the UAE, the 24K price rose to Dh216.5 per gram on Monday morning as against Dh215.75 on Sunday. Among the other variants of the precious metal, 22K was trading at Dh203.5 per gram, 21K at Dh194.25 and 18K at Dh166.5.
The dollar index was down 0.2 per cent, moving away from the 9-1/2-month high it hit last week, lifting gold's allure for holders of other currencies.
"The Delta variant is throwing a sort of a spanner into the works on how likely and how soon we could see a tapering announcement," ING analyst Warren Patterson told Reuters.
Gold's advance has thus far been capped largely by concerns over the Fed's tapering, OCBC analysts said in a note.
"We expect gold to continue trading within a broad sideway trend of $1,750-$1,800 for now, although our near-term bias is to the upside."
waheedabbas@khaleejtimes.com
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment5 hours ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world5 hours ago
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket5 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business6 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena6 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports6 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports6 hours ago
The UAE is India's second-largest export destination after the US
economy7 hours ago