Dubai: Gold Prices Ease, Dropping Dh3 from Weekly Peak

Global uncertainty, weak US jobs data, and Fed rate-cut expectations continue to shape demand for the precious metal Gold prices in Dubai slipped on Thursday, losing momentum from earlier highs this week, as global markets weigh economic data, interest rate expectations, and geopolitical risks. According to Dubai Jewellery Group, 24K was trading at Dh437.5 per gram, 22K at Dh405.0, 21K at Dh388.5, and 18K at Dh333.0 per gram. The 22K price has fallen by Dh3 per gram from its peak earlier in the week. On the international front, spot gold was trading at $3,628.97 per ounce, down 0.38%, reflecting cautious … Continue reading Dubai: Gold Prices Ease, Dropping Dh3 from Weekly Peak