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Gold is sticking to a narrow trading range around $1,200 (Dh4,406) an ounce even after holdings in bullion-backed exchange-traded funds plunged to their lowest in a year.<br/><br/> Bullion for immediate delivery was 0.2 per cent lower at $1,198.74 an
A softer dollar lifted gold on Monday after two sessions of declines, but investors prepared for more weakness as simmering US-China trade tensions suggested the currency would stay supported and the world’s largest economy remained robust.<br/><br/>
Gold fans in UAE are likely to save money on jewellery purchases if they hit the shops today, as the precious metal continues to lose its shine. Since its peak in April, gold has lost a whopping Dh17 per gram in value, historical price data showed.
Global gold prices continued dropping for the fifth consecutive month below $1,200 per ounce, affected by the US dollar’s strong performance, said Sabaek Al-Kuwait for precious minerals company. In its weekly report released on Sunday, Sabaek said the US
Gold prices eased slightly on Monday as the dollar held near a one-week high on worries over an escalation in trade conflicts between the United States and other countries.<br/><br/> A firmer US currency makes dollar-priced gold more expensive for
Gold posted a fifth straight monthly decline, the longest losing run in half a decade, hit by a strengthening dollar and US equities near record highs. Gold futures for December delivery fell 2.2% this month as the metal barely rebounded 0.1% on Friday