Gold
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
