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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