Please wait...
GulfBase Live Support
- Bahrain All Share Index closes higher
- Lufthansa shares soar after earnings top estimates
- Most GCC central banks cut key rates; Kuwait holds rates steady
- Central Bank of Oman lower repo rate for local banks by 25bps
- Qatar Central Bank issues treasury bills worth QR 250 million
- Qatar Stock Exchange index closes higher
- Bahrain, UAE central banks cut key interest rates
- UAE investment group MAIR seals Al Reem Island property deal
- Jahez, noon partnership to transform everyday convenience in Saudi Arabia
- Union Properties unveils $544.59m Mirdad in Dubai's Motor City
31/10/2025 06:59 AST
Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for its third straight monthly gain.
Spot gold was down 0.4% at $4,005.54 per ounce, as of 0459 GMT. Bullion has gained 3.9% so far this month.
U.S. gold futures for December delivery were steady at $4,018.10 per ounce.
"The Fed Chairman did have his hawkish cap on this week, which didn't do gold any favours," said KCM Trade Chief Market Analyst, Tim Waterer.
"The prospect of a rate cut in December now looks like it could be much more of a toss-up than was previously thought, which has boosted the dollar while making things a bit more complicated for gold from a yield perspective."
The dollar index held near its highest level in three months against its rivals, making bullion more expensive for other currency holders.
On Wednesday, the U.S. central bank cut interest rates by a quarter of a percentage point for the second time this year, taking the benchmark overnight rate to a target range of 3.75%-4.00%.
However, traders scaled back bets that the Fed will cut rates again at its next policy meeting in December after remarks from Chair Jerome Powell.
Markets are now pricing in a 74.8% probability of a 25-basis-point cut from the Fed in December compared with a 91.1% chance a week ago, according to the CME Group's FedWatch tool.
U.S. President Donald Trump said on Thursday he had agreed with Chinese President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming U.S. soybean purchases and keeping rare earths exports flowing.
Meanwhile, gold was sold at a discount this week in India for the first time in seven weeks, while a pullback in prices lifted activity in other Asian hubs.
Elsewhere, spot silver was steady at $48.89 per ounce, platinum was flat at $1,610.75 and palladium climbed 1.5% to $1,466.42.
Khaleej Times
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,112.31 | -13.86 | -0.34 |
| Silver | 48.59 | -0.35 | -0.72 |
| Platinum | 1,608 | -21.5 | -1.32 |
| Palladium | 1,419 | -41.5 | -2.84 |
26/10/2025
Gold prices pared losses on Friday after slightly softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but was still set for it
BNA
26/10/2025
Jewellers and analysts remain optimistic about gold's outlook in the UAE, especially in Dubai, predicting that 24K could reach Dh550 per gram in the coming months.
However, they also issued
Khaleej Times
24/10/2025
After the post-Diwali crash, gold prices are recovering and inching towards the Dh500 mark once again. In Dubai, 24-karat gold stood at Dh495.75 per gram on Friday, while 22-karat was priced at Dh458
Gulfnews
24/10/2025
Gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying demand for safe-haven assets.
Spot gold was up 0
Khaleej Times
23/10/2025
Gold prices fell on Wednesday to a near two-week low, following their sharpest single-day drop in five years in the previous session, as investors booked profits ahead of key U.S. inflation data due
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia