In the last week, bullion attempted to recover, briefly reaching $1,983, but quickly reversed course and retreated heading into the weekend
The UAE Ministry of Presidential Affairs announced a 40-day mourning period across the country starting Friday, May 13, over the demise of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan.
All federal and local government departments, ministries, and private firms will suspend their operations for three days, starting tomorrow, May 14.
Work will resume on Tuesday, May 17.
According to a Wam statement, flags will be flown at half-mast during the mourning period.
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