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Major shifts in the global gold trade will likely propel an 'Asian Century' for gold, with new gold economic corridors among BRICS nations
CBUAE’s gold reserves grew by 23.5 percent YoY, reaching AED21.28 billion by the end of July
Markets are also bracing for a series of economic indicators in the coming days
The dollar fell 0.1 percent from a month-long high, making gold priced in dollars more affordable for foreign buyers
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
In April 2024, CBUAE's gold reserves reached $5.54 billion
Can the Fed intervene to calm global markets?
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
Jewellery demand is anticipated to primarily revolve around the festival season beginning from August
Reserves increased on a monthly basis by 3.5 percent from AED19.615 billion in March 2024
The amount shrank by 0.3 percent compared to the previous month
From economic signals to policies and developments in the Fed
The gold reserves recorded 7 percent year-on-year increase
Globally, spot gold remained stable at $2,195.34 per ounce
Globally, spot gold stabilized at $2,179.98 per ounce
Globally, prices continued to rise above the mid-$2,150 mark
Copper rebounds, yet 11-month highs prove elusive
Copper retreats from 11-month highs amid growing concerns over China
Resurgence of copper rally takes center stage, PMIs come into focus
Prices hold steady above $2,150
Gold holds above $2,150 support level
The precious metal struggles to overcome resistance level of $2,200
Copper prices cooled down after reaching 11-month highs
