Business - Gold and Currency - Emirates 24|7

Dubai: Gold prices extended their decline for a second consecutive week, with the price of a gram falling by between AED1.75 and AED3 across different carats compared with the previous week, according to price indicators in the Dubai and Sharjah markets. The total decline in gold prices over the pa

Gold prices fell on Thursday, hovering near a one-week low set in the previous session, as renewed U.S.-Iran hostilities lifted oil prices and reignited concerns about inflation and higher-for-longer interest rates. Spot gold fell 0.4% to $4,060.46 per ounce by ⁠0343 GMT, after dropping to its lowe

Gold rose on Friday and was set for a weekly gain after four straight weeks of declines, as weaker U.S. jobs data reduced expectations for a near-term Federal Reserve rate increase. Spot gold was ⁠up 1.5% at $4,184.75 per ounce by 0835 GMT, after hitting its highest since June 23. Bullion held abov

SINGAPORE: The dollar held near ​10-day lows on Tuesday as a deal to end the Iran war buoyed risk appetite, while the yen teetered near the key 160 level after the Bank of Japan hiked rates in a widely telegraphed move to tame inflationary risks from the conflict. U.S. President Donald Trump said a

SpaceX's much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action. Celebrity billionaire Elon Musk's ro

Mumbai:  The Indian rupee hit an all-time low on Tuesday, weighed by expectations of prolonged high crude prices, persistent portfolio outflows and weakening sentiment. The rupee opened at 95.50 versus the US dollar, slipping past its previous record low of 95.4325 hit last week. The currency exten

Tokyo: The dollar was ‌steady and briefly hit a one-week high in Asian trade on Wednesday, as scepticism about US President Donald Trump 's announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency. It was also boosted by US Federal Reserve nominee K

Gold and silver prices witnessed a slight decline on Friday, in light of limited movements in global markets, affected by the fluctuations in the price of the dollar and changes in demand for precious metals. This decline is within a narrow range, reflecting the continued relative stability without

Dubai: Gold hit a near one-week low on Monday as a stronger dollar and oil 's surge above $100 after the U.S. moved to blockade Iranian ports fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year. Spot ⁠gold was down 0.4% at $4,730.75 per o

Gold demand in India picked up slightly this week ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed. Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is ⁠considered auspi

Gold prices were largely steady on Thursday as investors remained cautious about the fragile U.S.-Iran ceasefire, with a key U.S. inflation report due later in the day also in focus for interest rate clues. Spot gold ⁠inched 0.1% higher to $4,721.51 per ounce, as of 0523 GMT. U.S. gold futures for

Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump agreed to suspend bombing and attacks on Iran for two weeks, easing fears of energy-driven inflation. Spot gold was up 2.3% ⁠at $4,812.49 per ounce, as of 0215 GMT. Ear