Middle East

Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions

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

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

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
