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The U.S. dollar index gained 0.17 percent to 109.83, making bullion less attractive for other currency holders
Pivotal figures like UAE President and Saudi’s King Salman offered best wishes for Aoun's leadership and Lebanon's stability
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The U.S. dollar index held steady at 109.09, nearing the two-year high it touched last week
The U.S. dollar index gained 0.03 percent to 108.57, making bullion less attractive for other currency holders
The benchmark 10-year Treasury yield hit its highest since May 2024 yesterday, impacting bullion's rise
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Factors that may support gold prices include stronger central bank demand or rapid deterioration of financial conditions
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
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
