Industry News
Dubai Gold Prices Set to End Week Lower as 24K Drops Dh40
Dubai gold prices were poised to finish the week lower, with 24-karat gold falling Dh40 over 28 days to Dh514.25 per gram on Friday. Market pressure stemmed from elevated energy costs and inflation concerns that drove bond yields higher and fuelled expectations of a Federal Reserve rate hike. Saxo Bank analysts highlighted that sustained demand from China has helped prevent deeper sell-offs in global bullion.
