Central Bank
U.S. dollar gained 0.13 percent to 104.32, making bullion less attractive for other currency holders
The UAE's non-oil trade surpassed AED2 trillion in the first nine months of 2024
The Abu Dhabi Investment Office (ADIO) is the government vehicle responsible for accelerating Abu Dhabi’s growth
Spot gold was up 0.1 percent at $3,025.12 an ounce
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
