The services offered by Dubai Land Department include property status and valuation inquiries, and property ownership certificate issuance requests
realty9 hours ago
Gold prices jumped in the UAE on Thursday morning with 22K rising above Dh220 per gram at the opening of the market after Russia launched an attack against Ukraine.
The Dubai Gold and Jewellery Group data showed precious metal prices soaring by more than Dh4 per gram on Thursday after Ukrainian Foreign Minister Dmytro Kuleba said Russia has launched a full-scale invasion.
The 24K gold price opened at Dh234.50 per gram on Thursday, up from Dh230.25 from its Wednesday’s close. Among the other variants of the precious metals, 22K was trading at Dh220.25 per gram, 21K at Dh210.25 and 18K at Dh180.25.
Globally, spot gold jumped 1.76 per cent to $1,942.48 per ounce by 9.40 am UAE time.
ALSO READ:
“Gold has taken out resistance at $1,920 and can now target $1,960 and $2,000 an ounce. Gold is coming back into its own as a haven asset and I do not rule out new all-time highs in prices in the weeks ahead,” said Jeffrey Halley, senior market analyst, the Asia Pacific at Oanda.
Naeem Aslam, chief market analyst at AVA Trade, said investors, over the past few weeks, have been rushing towards the precious metal to seek refuge against a rise in stock market volatility stirred by uncertainty related to the Fed’s future monetary policy and tensions between Russia and Ukraine.
-waheedabbas@khaleejtimes.com
The services offered by Dubai Land Department include property status and valuation inquiries, and property ownership certificate issuance requests
realty9 hours ago
Upcoming 2025 edition of CCCC will be held in Lisbon
business9 hours ago
Federal requirements give workers 60 days' notice prior to ending their employment
americas9 hours ago
Meta did not immediately respond to the information
tech9 hours ago
Trump suggested that he could even be open to a third term in office — which would violate the US constitution
americas9 hours ago
S&P predicts modest impact of lower interest rates on region's lenders
finance10 hours ago
Nations are hoping to land deals to raise funds in developing nations like Bangladesh, which are least responsible for global warming but most at its mercy
asia10 hours ago
In response, Elon Musk said of the British news publisher: 'They are irrelevant'
world10 hours ago