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Both contracts gained over 2 percent so far this week and more than 7 percent since hitting multi-month lows in early March
Bullion gained 1.8 percent so far this week, placing it on track for a fourth straight weekly gain
Gold prices are expected to reach $3,300 per ounce on stronger-than-expected ETF inflows and sustained central bank demand
U.S. dollar gained 0.13 percent to 104.32, making bullion less attractive for other currency holders
Prices of personal goods up 6.3 percent, transport up 3.4 percent, health up 3.2 percent
The UAE's non-oil trade surpassed AED2 trillion in the first nine months of 2024
Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week
Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower
The Minister noted Egypt's competitive advantages: a diverse economy, strong industrial base, and skilled workforce
U.S. oil demand remained strong as distillate inventories fell more than expected by 2.8 million barrels
So far this year, gold has recorded 16 record highs, four of which were above the $3,000 milestone
The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent
