Business - Gold and Currency - Emirates 24|7

The Central Bank of the United Arab Emirates (CBUAE) has seen its gold reserves rise by 13.6 percent in January 2026 to a new record of AED43.051 billion at the end of the month, compared to AED37.902 billion at the end of December 2025, an increase of AED5.149 billion, according to the bank’s mont

 Gold prices plunged more than 5% on Monday, extending a decline to their lowest levels in 2026 following their worst weekly performance in nearly 43 years. The sell-off comes as escalating conflict in the Middle East stokes inflation fears and bolsters expectations for global interest rate hikes.

Gold prices edged higher on Tuesday, with spot gold increasing by 0.4 percent to $5,023.19 per ounce as of 02:51 GMT. US gold futures for April delivery rose by 0.5 percent to $5,027.20. Spot silver rose by 0.6 percent to $81.28 per ounce. Spot platinum gained 2.2 percent to $2,161.35, and palladiu

Cryptocurrencies maintained elevated positions through the weekend as intensifying Middle East tensions reshaped global risk appetite. Amid persistent market caution, Bitcoin rose 1.65% to stabilize above the $71,000 support level, reflecting a complex interplay between safe-haven demand and inflat

Gold prices eased on Monday as rising energy costs dampened expectations for near-term U.S. interest rate cuts, though a slightly weaker dollar provided a floor for the metal 's losses. Spot gold fell 0.2% to $5,007.58 per ounce by 0240 GMT, while U.S. gold futures for April delivery dropped 1% to

The Dubai Chamber of Commerce held a high-level strategic meeting with the Dubai Jewelry Group on Saturday to fortify business continuity and enhance operational efficiency within the sector amid shifting global dynamics. Led by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, the d

WAM- Gold prices rose this morning, supported by a weaker dollar and declining US Treasury yields. Spot gold increased by 0.7 percent to US$5,112.34 per ounce, while US gold futures for April delivery fell 0.2 percent to $5,115.80. The dollar edged lower, making dollar-denominated commodities such

Emirates 24/7 — Cryptocurrencies faced slight downward pressure on Thursday as investors closely monitored escalating conflicts in the Middle East, while Bitcoin maintained its position above the critical $70,000 threshold. Bitcoin eased 0.61% to $70,233, hovering around a key resistance zone that

Dubai has solidified its standing as a premier global hub for gold trading, currently handling approximately 20% of the world 's total gold supply. According to a recent report by Finshots, the emirate now ranks as the second-largest gold trading centre globally, following only Switzerland. This gr

Emirates 24/7 – Cryptocurrencies jumped more than 5% on Wednesday as investors assessed the fallout from escalating military tensions with Iran and potential U.S. intervention to secure shipping lanes in the Strait of Hormuz. Bitcoin , the world’s largest cryptocurrency, rose 4.91% to $71,677 durin

Major indices on Wall Street closed higher on Tuesday, driven by a rally in technology stocks, while gold prices retreated to $5,149 per ounce at the time of publishing. The decline sees the precious metal receding from a three-week peak, giving back a significant portion of its recent multi-day ra

Gold prices fell from a more than three-week high on Tuesday, with spot gold declining 1.5 percent to $5,150.38 per ounce by 01:25 GMT after hitting a more than three-week high earlier in the day. US gold futures for April delivery were down 1.1 percent at $5,170.70. Spot silver fell 3.1 percent to