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The precious metal, which is traditionally favoured as a safe-haven asset, prices jumped Dh6 per gram in the past 24 hours as of Thursday morning ...
The reason for the uptrend is the US Federal Reserve policy outcomes where key interest rates were kept unchanged for the eighth time in a row, something that traders had expected. Also, the Fed has ...
Gold futures reached a new all-time high in Asian trading, sparked by rising Middle East tensions and increasing prospects of the Federal Reserve lowering interest rates.
The yield on the 10-year US government bond dived to its lowest level since February in reaction to the weak data and the Fed's dovish outlook, prompting aggressive US Dollar selling.
Gold price is consolidating July’s stellar gains, starting out August, with buyers having the upper hand following the dovish outcome of the Federal Reserve (Fed) policy announcements. Escalating ...