iPhone | iPad
Android
Huawei
The Abu Dhabi Awards winner encourages everyone, regardless of their land size, to engage in farming
KT APPDOWNLOAD
UAE: Gold prices open higher; 24K up Dh1 per gram in Dubai
This comes as the dollar weakened after the Bank of Japan's (BoJ) surprise policy tweak to its bond yield control programme
Gold prices jumped on Wednesday, after rising more than one per cent in the previous session as the dollar weakened after the Bank of Japan's (BoJ) surprise policy tweak.
Spot gold was trading at $1,816.94 per ounce in the morning.
In the UAE, the 24K gold price rose one dirham to Dh219.75 per gram on Wednesday morning as against last night’s close of Dh218.75 per gram.
Among the other variants of the yellow metal, 22K opened at Dh203.5 per gram, 21K at Dh197.0 and 18K at Dh169.0.
The dollar index was flat after falling on Tuesday as the yen jumped to a four-month high after the BoJ stunned markets with a surprising tweak to its bond yield control programme. A weaker dollar makes bullion more appealing among overseas investors.
Daniel Dubrovsky, Contributor, dailyFX, said gold and silver prices have been aiming cautiously higher in recent weeks.
“We can see that simultaneously retail traders have been gradually increasing their downside exposure in the precious metals,” he said.
ALSO READ:
More news from UAE
Hundreds of social workers and volunteers are working round the clock, providing essentials to those affected by the unprecedented rainfall
The floodwaters spared nothing, soaking their furniture, rendering household appliances useless, and destroying the newly-purchased school books
All official donation channels however remain open through the outlets announced by government agencies
Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, made the announcement on Wednesday
Watch how volunteers of the Samastha Kerala Sunni Student Federation loaded up the machine with bags of supplies for stranded residents in Ajman
The two sides called for calm in the Middle East in efforts to avoid military escalation while prioritising diplomatic solutions
A ministerial committee has been set up to assess damages and distribute compensation
