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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
WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel
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
Year-end profit-taking and portfolio rebalancing contributed to the lower trading volumes
The dollar index dipped 0.09 percent to 108.16, making bullion more attractive for other currency holders
Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel
Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan will join BRICS as partner countries
In the past year, gold prices have gained over 27 percent, positioning bullion for its most successful year since 2010
Brent oil futures for February rose by 0.4 percent to $72.91 a barrel
Brent crude futures for February rose by 0.4 percent to $73.20 a barrel
