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The easing of trade tensions between the U.S. and China amid hopes for a deal is weighing on gold prices
Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects
Foreign direct investment inflows surged by 16.2 percent in Q3 2024 compared to 2023
Bullion has surged over $700 this year, setting multiple record highs and reaching $3,500.05 on Tuesday
Trump expressed optimism that a trade deal with China could “substantially” reduce tariffs on Chinese goods
In 2026, real GDP is projected to grow by 4.5 percent among GCC economies
Down from 3.3 percent and 4.1 percent respectively
UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026
Transport costs in Dubai were down 3.3 percent annually, reflecting the decline in oil prices
The overnight deposit, lending, and main operation rates were cut by 2.25 percent each
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders
Al Mashat projected real growth at 4.5 percent, subject to review if tensions escalated
