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Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure
Prices are set for weekly gains as uncertainty over U.S. interest rates and trade tariffs boosts safe haven demand
Gold consolidated between $2,600 and $2,700 as traders bought dollars before key central bank meetings
In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50
Major shifts in the global gold trade will likely propel an 'Asian Century' for gold, with new gold economic corridors among BRICS nations
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
Can the Fed intervene to calm global markets?
Gold price averaged $2,338/oz, 18 percent higher year-on-year, reaching a record of $2,427/oz during the quarter
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
Globally, spot gold remained stable at $2,195.34 per ounce
