interest rate
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
Traders are awaiting the release of the U.S. jobs report on Friday for additional insight into the Fed's interest rate outlook
The central bank expects inflation to fall to 21 percent by the end of 2025
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
