Markets News

Dubai: Gold prices dip in early trade

Globally, spot gold was trading at $2,626.32 per ounce, up 0.12 per cent

Wall Street Week Ahead: Investors hope for 'Santa Claus' rally as stocks lose steam

8 of the 11 S&P 500 sectors in negative territory in December

Dubai: Gold prices remain under pressure, losing more than Dh6 this week

There has been noticeable fluctuations in gold prices recently, with a slight recovery on Thursday after rates broke through the neckline of the double top-pattern at $2,613

Gold erases gains after US data cements Fed's hawkish stance

Gold hits lowest since Nov. 18 earlier in the session

UAE: Gold prices drop further, losing Dh5 per gram so far this week

Globally, spot gold dropped to $2,609.24 per ounce, down nearly one per cent

Indian rupee slips past 85 against US dollar for first time, hits new low

The rupee's drop to 85 from 84 has taken place in a space of about two months, while the decline to 84 from 83 took nearly 14 months

UAE lowers interest rates after US cuts rates by 25 basis points

The UAE follows US monetary policy as the dirham is pegged to the dollar

US Federal Reserve lowers rates

Inflation still remains above central bank’s target

Indian rupee slips before Fed decision; traders say RBI intervention to cap bearish bias

Asian currencies were mostly weaker on the day with the Indonesian rupiah, down 0.3%, leading losses

Dubai: Gold prices rise slightly after losing Dh3 per gram on Tuesday

Spot gold was steady at $2,647.36 per ounce