Expert says any further signs of weakness in the US job market will allow the central bank more time to leave interest rates unchanged, and potentially bring forward the first rate cut
AP file
Gold prices dropped slightly in the UAE at the opening of the markets on Thursday after jumping Dh3.50 on Wednesday.
According to Dubai Jewellery Group Data, the 24K variant of the precious metal was trading at Dh235.50 per gram on Thursday morning as compared to last night’s close of Dh236 per gram. Its variants 22K, 21K and 18K were trading at Dh218.25, Dh211.25 and Dh181 per gram, respectively, at 9am, UAE time.
Spot gold was steady at $1,944.92 per ounce by 9.17am, local time.
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