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Gold gains as oil’s plunge dampens US rate hike expectations
(Gulfnews - 22/06/2017)

Gold rose on Wednesday from a five-week low in the previous session as a slump in oil prices pushed down stock markets and US bond yields, while the US dollar weakened, making bullion cheaper for holders of other currencies. Investors were betting that

Gold hits 5-week low on dollar rally
(Arab News - 21/06/2017)

Gold hit a five-week low on Tuesday as the dollar rallied following hawkish comments from an influential US Federal Reserve official and dovish remarks from the Bank of England (BoE) governor. New York Fed President William Dudley said on Monday that

Gold hits 4-week low on firm dollar
(Arab News - 20/06/2017)

Gold hit four-week lows on Monday as the dollar rose after hawkish comments from a top Fed official but prices were supported by uncertainty created by the start of talks on the terms of Britain’s departure from the EU. Spot gold was down 0.3 percent at

Savannah eyes launch of copper mining operations in H1 2018
(Oman Daily Observer - 18/06/2017)

London registered mineral development company Savannah Resources says it plans to kickstart operations at a pair of mineral blocks in the Samayil Ophiolite Belt in the first half of next year. It follows an announcement that the company has received

Gold edges higher
(Arab News - 15/06/2017)

Gold firmed on Wednesday, recovering from the previous session’s near two-week low, but moves were muted as traders awaited the outcome of the Federal Reserve’s latest policy meeting. Gold is highly sensitive to rising US interest rates, which increase

Gold dips as market awaits cues from Fed meeting
(Arab News - 14/06/2017)

Gold dipped on Tuesday on technical selling, although losses were limited as most investors stayed on the sidelines ahead of a US Federal Reserve meeting that should provide signals on the pace of future monetary tightening. The Fed is widely expected to

Gold firms ahead of Fed meeting
(Arab News - 13/06/2017)

Gold rose ahead of a US Federal Reserve policy meeting on Tuesday and Wednesday that is expected to yield clues to the timing and magnitude of future interest rate increases. Spot gold was steady at $1,266.16 an ounce on Monday at 1410 GMT, having shed 1

Gold slips as UK election surprise benefits dollar
(Arab News - 11/06/2017)

Gold fell for a third day on Friday after British elections failed to deliver a clear majority for Prime Minister Theresa May, knocking the pound sharply lower and helping lift the dollar index to its highest since late May. The snap poll wiped out May’s

Gold surges to 7-week high on weaker dollar, political risks
(Arab News - 08/06/2017)

Gold rose to its highest in seven weeks on Tuesday as weak economic data in the US reduced expectations of rapid US interest rate rises this year, pushing the dollar to a seven month-low and lowering US bond yields. Investors were also drawn to gold,

Gold prices hit highest since April
(Arab News - 07/06/2017)

Gold prices hit a six-week high on Monday, buoyed by disappointing US jobs data that dimmed the prospects for an aggressive run of interest rate increases in the world’s biggest economy. US job growth slowed in May and employment gains in the prior two

Gold seen rising to 4-year high as Fed goes ‘gentle’ on rates
(Gulf Times - 06/06/2017)

Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on US employment and wages, according to two analysts attending a conference in Singapore this week. Prices will probably increase to a

Abu Dhabi trade in gemstones, metals at Dhs4.7b
(The Gulf Today - 05/06/2017)

The total value of Abu Dhabi’s trade in pearl, gemstones and precious metals amounted to Dhs4.7 billion during the Q1 of 2017 from AED3.3 billion during the corresponding period last year, a growth of 42.4 percent , according to figures released by Abu

Gold gains after disappointing US jobs data
(Arab News - 04/06/2017)

Gold prices rose to a near six-week high on Friday in response to disappointing US non-farm payrolls data that lowered expectations for more aggressive US interest rate increases. A slow recovery in the world’s biggest economy dents the likelihood for

Gold price drops as US jobs data bolsters dollar
(Reuters - 02/06/2017)

Gold prices dipped on Thursday, pressured by a slightly firmer dollar on the back of the first tranche of US data due to provide further clues on whether interest rates will rise this month. US private employers added 253,000 jobs in May, above

Gold heading for first monthly drop since December
(Gulfnews - 01/06/2017)

Gold edged higher on Wednesday as the dollar dipped and simmering geopolitical tensions lent support, though the metal was heading for its first monthly drop since December amid an increased chance of a US interest rate rise next month. The dollar dipped