United States
Amid demand optimism and dollar strength
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
Mubadala and its subsidiaries invested in 2024 $29.2 billion, up from $17.5 billion in 2023
Spot gold rose by 0.3 percent to $2,632.82 per ounce
Crude oil WTI futures for February delivery also surged 0.7 percent to $71.75 per barrel
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
