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- PIF convenes 1,000 global executives in Riyadh to shape next phase of governance
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- Gold prices rise as dollar declines
20/05/2025 04:47 AST
Gold prices rose on Monday, driven by a weaker dollar and a rush to safe-haven assets, after Moody's downgraded the United States' credit rating.
Spot gold rose 0.9 percent to USD 3,229.69 per ounce.
US gold futures rose 1.4 percent to USD 3,232.80.
Moody's downgraded the United States' rating from "Aaa" to "Aa1" last Friday, citing "higher debt and interest rates than similarly rated countries."
The dollar index fell to its lowest level since May 8, and Wall Street's main indices also declined.
As for other precious metals, silver rose in spot transactions by 0.3 percent to USD 32.37 per ounce, palladium rose by 1.1 percent to record $971.71, while platinum rose by 1 percent to $997.37.
QNA
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,205.3 | -15.4 | -0.48 |
| Silver | 32.43 | -0.05 | -0.15 |
| Platinum | 990.5 | -4 | -0.4 |
| Palladium | 970 | -1 | -0.1 |
20/05/2025
Gold prices climbed on Monday as a softer dollar and renewed trade concerns, following US Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats, fueled safe-have
Asharq Al Awsat
19/05/2025
After soaring to record highs earlier this year, gold prices in Dubai have entered a volatile correction phase - swinging wildly in recent days and leaving buyers wondering how long the dip will last
Gulfnews
16/05/2025
The Dubai gold rate has - once again - delivered a blow to shoppers' hopes of further and sustained price drops. This morning, it has once again shot up to Dh359 a gram for 22K and even going up to D
Gulfnews
13/05/2025
The Dubai Jewellery Group data showed 24-karat trading at Dh389 per gram, down from Dh400.5 per gram at the close of the markets over the weekend. It was trading at Dh395.25 per gram when markets ope
Khaleej Times
12/05/2025
Gold's bull run is likely to continue as a softer dollar, a spike in market volatility and geopolitical concerns continue to spur investors to seek refuge in the safe haven asset, analysts say.
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Khaleej Times
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