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Silver Gold Price

UAE gold rates to spike further on pre-Diwali buying rush

Dubai - Egypt Today

Gold jewellery demand in the UAE is forecast to pick up further as the Diwali festival draws closer and buyers would do well not to wait for the prices to go skidding again over the next several days. There are expectations of a gold buying rush from the Indian expatriate community in the country, and one major retailer said the...Read More

Jewellary export up 76.5% in two months

Islamabad - APP

The export of jewellary from the country witnessed an increase of 76.5 percent in first two months of current fiscal year as compared to same period of last year. The jewellary export rose to $1.054 million in July-August (2018-19) against the export worth of $0.597 million recorded during July-August (2017-18), according to a latest data of Pakistan Bureau of Statistics...Read More

World markets hammer higher on rising metal prices

London - Egypt Today

Global stock markets mostly rose Friday, with miners buoyed by higher metal prices, and after more Wall Street records. Most Asian and European equities forged higher as investors eyed advancing prices of many metals like gold and copper. Star performer Frankfurt rallied to stand 1.0-percent higher in early afternoon deals, with steelmaker Thyssenkrupp jumping than 4.0 percent higher to top...Read More

Zanzibar

Dar Es Salaam-Wam

A joined medical team from UAE and Zanzibar has treated more than 2,000 children and elderly people mostly suffering from cardic disorders, in four medical camp....Read More

Gold edges off 8-week low

London - Arab Today

Gold edged off the previous day’s eight-week low on Wednesday as US President Trump’s abrupt firing of FBI chief James Comey weighed on US stocks, though gains were capped by expectations of further interest rate increases. Spot gold was up 0.2 percent at $1,223.42 an ounce by 1405 GMT, while US gold futures for June delivery gained $7.20 to $1,223.40....Read More

Gold falls to its lowest

London - Arab Today

Gold fell on Tuesday to its lowest since mid-March as the election of centrist Emmanuel Macron as French president reduced demand for bullion as a safe haven while stocks and the dollar rose and 10-year US bond yields hit a five-week high. Revived appetite for riskier assets has pushed global stocks to record highs, while the market’s so-called fear gauge,...Read More

Gold prices rise after Macron’s win

London - Arab Today

Gold prices rose on Monday on bargain-hunting after falling to a seven-week low earlier when safe-haven demand ebbed away following pro-EU candidate Emmanuel Macron’s victory in the French presidential election. Spot gold rose 0.4 percent to $1,232.61 per ounce by 1211 GMT, after touching 1,224.86 earlier in the session, its lowest level since March 17. The precious metal, seen as...Read More

In the UAE, gold continues to glitter

Abu Dhabi - Arab Today

Global gold demand has fallen 18 per cent in the first three months of 2017 from the highs of a record-breaking quarter in 2016 as US investors abandoned the precious metal after Donald Trump's election win, industry figures showed on Thursday. The World Gold Council (WGC) said global first quarter demand was down 228.3 tonnes, plunging from 1,262.8 tonnes in...Read More

Gold heads for biggest weekly drop in 6 months

London - Arab Today

Gold pared gains on Friday after data showed US job growth rebounded in April and stayed on track for its biggest weekly loss in six months as expectations for a US interest rate hike in June grew and euro zone political risk receded. The dollar firmed against a basket of major currencies after the US payrolls data, but its reaction...Read More

Global gold prices fall

Bengaluru - Arab Today

Gold prices fell on Monday amid thin trading as the dollar firmed as the chance of a US government shutdown receded and as stronger equities dampened demand for non-interest paying bullion. Spot gold dropped 0.4 percent to $1,262.51 per ounce, as of 0900 GMT. US gold futures also eased 0.4 percent to $1,263.90 an ounce. Many financial markets in Asia...Read More

Gold prices edge up

London - Arab Today

Gold rose on Friday as forecast-beating euro zone inflation data boosted the euro versus the dollar, while global stock markets retreated from Wednesday’s record highs on concerns about global trade. The euro rose toward 5-1/2 month highs as the data was seen as keeping the pressure on the European Central Bank (ECB) to start dialing back stimulus measures as early...Read More

Gold steadies after slide

London - Arab Today

Gold recovered from a two-week low on Wednesday as speculators locked in profit from recent losses, but some analysts expect further weakness due to easing political risks. Spot gold was flat at $1,263.30 by 1400 GMT. Earlier in the session, prices hit $1,260.90, their weakest since April 11. US gold futures edged down 0.2 percent to $1,264.90. Gold has shed...Read More

Gold prices fall by more than 1%

London - Arab Today

Gold fell by more than 1 percent on Monday, marking its biggest tumble in over a month, after the market’s favored French presidential candidate won the first round of the country’s election, easing concerns about a potential political shock. Centrist Emmanuel Macron took a big step toward the French presidency on Sunday by winning the first round of voting, with...Read More

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