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Gold fell to a more than 18-month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira.<br/><br/> The advancing dollar and worries of
Gold prices edged up on Tuesday from an 18-month low hit in the previous session as a break below a key psychological level triggered buying interest, while the US dollar pared gains after scaling a 13-month high.<br/><br/> Spot gold was up 0.2 per cent
Hedge funds have never been this pessimistic about gold. Money managers are making their biggest-ever bet that prices will decline. That comes on the heels of five straight weeks of losses for bullion futures, the longest stretch in more than a year.
Gold prices climbed on Tuesday, supported by a weaker US dollar and buying after a recent price slump. Spot gold was up 0.4 per cent at $1,210.99 (Dh4,447.96) an ounce at 0814 GMT, after earlier hitting $1,213.81.<br/><br/> US gold futures were flat at
At 1,959.9 tonnes, worldwide demand for gold has slipped to its weakest first-half performance since 2009, with the dip jewellery sales in India and the Middle East being one of the reasons. In the UAE specifically, gold and jewellery sales in the first