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Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
Spot gold rose by 0.3 percent to $2,632.82 per ounce
22-carat gold stood at AED 292.25, 21-carat gold was priced at AED 283, while 18-carat gold was at AED 242.50
Reserves grew month-on-month by $316.9 million
Gold consolidated between $2,600 and $2,700 as traders bought dollars before key central bank meetings
Over 70 percent of mineral capital investments are needed for coal, iron ore, copper and gold
In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50
President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war
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
