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Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal

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

Gold prices have risen over 27 percent this year and are set for their best performance since 2010

Developing economies will be the most vulnerable to the challenges shaping the global economy in 2025

Gold prices have surged nearly 28 percent this year, reaching a record high of $2,790.15 on October 31

The dollar index dipped 0.09 percent to 108.16, making bullion more attractive for other currency holders

In the past year, gold prices have gained over 27 percent, positioning bullion for its most successful year since 2010

Approximately 70 percent of Japan’s GDP is derived from the services sector

Brent crude futures for February rose by 0.4 percent to $73.20 a barrel

Expectations of fewer cuts in 2025 pushed gold prices to their lowest since November 18 last week

The Bank indicated that the economy underperformed, reporting no growth from October to December