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UAE gold rates inch up on softer dollar
(Gulf News - 28/02/2018)

Gold jewellery prices in the UAE have inched up slightly on the back of a softer US dollar and as the market awaits the testimony of the newly appointed chair of the US Federal Reserve.<br/><br/> The price of 24-karat gold stood at Dh161 per gram as of

Gold rebounds from biggest weekly loss this year
(The Gulf Today - 27/02/2018)

Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by Federal Reserve Chair Jerome Powell later this week. Powell’s appearance will be

Gold dips on higher prospect of rising US interest rates
(Gulf News - 23/02/2018)

Gold inched lower on Thursday and was headed for its biggest weekly loss in 2018 as the dollar was boosted by minutes from the last US Federal Reserve meeting that showed policymakers backed further rises in interest rates.<br/><br/> Spot gold slipped

Gold dips on higher prospect of rising US interest rates
(Gulf News - 23/02/2018)

Gold inched lower on Thursday and was headed for its biggest weekly loss in 2018 as the dollar was boosted by minutes from the last US Federal Reserve meeting that showed policymakers backed further rises in interest rates.<br/><br/> Spot gold slipped

Oman’s first manganese project set for launch
(Oman Daily Observer - 18/02/2018)

Gulf Mining Group, one of the largest mining and mineral processing corporations in the Sultanate, is preparing to bring its manganese concentration plant — the first of its kind in Oman — into operation early next month. The move promises to boost Omani

Gold shines as traders count down to `critical’ CPI, Dalio buys
(Gulf News - 15/02/2018)

Gold climbed for a third day as the dollar sagged, with investors counting down the hours before key US inflation data that may offer fresh clues on monetary tightening. Adding lustre for the metal, filings showed billionaire hedge fund manager Ray Dalio

Gold hits 4-week low on firmer dollar amid US rate hike views
(Gulf News - 09/02/2018)

Gold prices dropped for a third straight session on Thursday and hit a fresh four-week low, as investors liquidated their long positions on a firmer dollar, while expectations of more US rate hikes this year also weighed on the market.<br/><br/> Spot

Gold demand dips to eight-year low: World Gold Council
(Times of Oman - 07/02/2018)

A late rally in physical gold buying failed to prevent a drop in full-year demand last year to its lowest since 2009, the World Gold Council said on Tuesday, as weaker fund investment outstripped a bump in jewellery consumption.<br/><br/> Global gold

Sohar Aluminium resumes full production
(Times of Oman - 05/02/2018)

Sohar Aluminium successfully resumed full operations in record time after an unexpected disruption in its normal operations, which led to the complete shutdown of its Potline on August 4, 2017. The entire plant was involved in the recovery efforts to

MoCI accepts steel import permits applications through Bayan system
(Oman Daily Observer - 05/02/2018)

The Ministry of Commerce and Industry (MoCI) has started receiving applications for steel import permits which is used for reinforcement of concrete through a single window system popularly known as ‘Bayan’. Companies, traders and importers who want to

Oman’s Mawarid Mining sees up to $100m investment in copper blocks
(Oman Daily Observer - 04/02/2018)

Mawarid Mining, one of Oman’s largest independent mining firms, envisions a potential investment of as much as $100 million in the development of copper deposits in its Block 1 and 2 concessions in North Al Batinah Governorate. The two blocks — part of

Gold prices slip, investors await US jobs data for guidance
(Gulf News - 02/02/2018)

Gold edged lower on Thursday as investors shifted their focus to US jobs data due at the end of the week for guidance on monetary policy for the rest of the year. Spot gold was down 0.3 per cent at $1,340.20 (Dh4,921.88) per ounce, as of 1302 GMT. It

Gold rebounds as dollar slips, but seen as vulnerable
(Gulf News - 01/02/2018)

Gold prices rebounded on Wednesday as the dollar resumed its downtrend, but analysts said bullion was vulnerable to weakness ahead of the Lunar New Year and if bulls start shedding their long positions. Spot gold was up 0.4 per cent to $1,342.80 per

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