Salah joined Liverpool in 2017 and has become a cult hero at the Anfield club for whom he has scored 165 goals in 262 Premier League appearances
football1 hour ago
Global gold prices opened higher on Monday morning ahead of the US Federal Reserve meeting this week.
Spot gold opened 0.1 per cent higher at $1,779.36 per ounce on Monday morning. US gold futures rose 0.1 per cent to $1,780.10 per ounce. (Check out the latest gold/forex rates in UAE)
In Dubai, retail gold prices rose on Monday morning, as 24K increased Dh0.50 per gram to Dh215.75.
While 22K, 21K, and 18K were priced at Dh202.75, Dh193.25, and Dh165.75 per gram, respectively.
“As for gold prices, we see substantial recovery in price, and it seems like traders want to push the metal price higher,” said Naeem Aslam, chief market analyst at AVATrade.
“For the past few days, we did see some weakness creeping in for the precious metal mainly because of the strong US economic numbers; however, those concerns aren’t there today, and gold prices are taking advantage of a weaker dollar index,” he said.
The dollar index nursed losses against its rivals on Monday, making gold less expensive for other currency holders.
India's physical gold demand faltered last week, as strict restrictions to contain the rapid spread of Covid-19 kept buyers away.
“Investors are primarily concerned about the serious rise in coronavirus cases in India and its impact on feeble global economic recovery. There is no doubt that the Coronavirus situation is out of control in India as over 350,000 new Covid-19 cases were registered on Sunday,” said Aslam.
-waheedabbas@khaleejtimes.com
Salah joined Liverpool in 2017 and has become a cult hero at the Anfield club for whom he has scored 165 goals in 262 Premier League appearances
football1 hour ago
Road crashes continue to be a leading cause of death among younger, working-age populations, significantly impacting health and development
uae1 hour ago
From cultural treasures in Doha to luxurious cruising adventures across the Arabian Gulf, the country has earned its reputation as a premier cruise destination. Start your journey with world-class ships and unforgettable experiences
supplements1 hour ago
Laos pledges to prosecute those responsible for the incident in which six tourists have been killed
asia1 hour ago
Explore the diverse attractions, where thrilling entertainment, luxurious escapes, and rich cultural experiences come together, offering an unforgettable adventure for every traveller
supplements1 hour ago
Japan fought in China and Burma against Allied forces, and tried to invade British-ruled India
asia1 hour ago
Colorectal cancer is the third most common cancer type in Abu Dhabi, with a higher incidence in males
uae1 hour ago
Watchdog says the bomb dropped by Israeli forces was equipped with a US-produced guidance kit
mena1 hour ago