The accolades highlight PIOCCI’s instrumental role in fostering excellence among Indian-origin entrepreneurs and promoting their global impact
kt network2 hours ago
Gold prices rose on Wednesday morning as the 24K price jumped to Dh219.75 per gram at the opening of the market in Dubai.
The Dubai Gold and Jewellery Group data showed 24K rising by Dh0.75 per gram on Wednesday as compared to Tuesday’s close of Dh219.0. Among the other variants of the precious metal, 22K opened higher at Dh206.5 per gram, 21K at Dh197.0 and 18K at Dh169.0.
Globally, spot gold rose 0.09 per cent to $1,815.52 at 9.22 am UAE time on Wednesday.
Edward Moya, senior market analyst at Oanda, said the yellow metal should have a strong year once financial markets have a better handle on when the US Federal Reserve reduces its bond holdings.
“Gold will shine in 2022 even with three Fed rate hikes being priced in, as the 800-pound gorilla in the room remains how will they go about reducing their $9 trillion balance sheet,” he said.
Jaffrey Halley, senior market analyst at Oanda, said with US yields and the US dollar holding their gains but trading sideways, gold showed some fighting spirit, or perhaps blind optimism, to carve out a decent gain overnight.
“As ever, gold tends to run for cover at the first sign of trouble, so I would not say that gold has ‘weathered the storm’ for one instant,” he said.
waheedabbas@khaleejtimes.com
The accolades highlight PIOCCI’s instrumental role in fostering excellence among Indian-origin entrepreneurs and promoting their global impact
kt network2 hours ago
Yousafzai was evacuated from the country in 2012 after being shot by the Pakistan Taliban
asia3 hours ago
At 26, he has redefined that role to become people’s royalty
lifestyle3 hours ago
The former world number one, who had his visa cancelled over his refusal to be vaccinated against Covid, insisted that he does not hold 'any grudge over the Australian people' despite the controversy
tennis3 hours ago
The latest exhibition interrogates colonial legacies and modern inequities through deeply personal and evocative installations in Plymouth, England
arts3 hours ago
Superstar jockey Chantal Sutherland makes sensational UAE comeback two years after battling back from life-threatening Florida accident
lifestyle3 hours ago
Pregnant and lactating women should avoid ginseng due to lack of safety data, it said
world3 hours ago
We are entering a new era
lifestyle3 hours ago