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Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week
Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower
Downward trends followed Beijing's decision to maintain the five-year and one-year loan prime rates at 3.6 percent
So far this year, gold has recorded 16 record highs, four of which were above the $3,000 milestone
The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent
The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty
Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged
The issuance is valid for three months, at an income rate of 4.125 percent
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
This marks a year-on-year rise of 15.9 percent
CBUAE reported M1 money supply rose 2.3 percent to $257.7 billion by December 2024
Spot gold was unchanged at $2,916.69 per ounce, while U.S. gold futures edged up 0.1 percent to $2,922.30
