Wednesday, February 02, 2022
Khaleej Times - UAE: Gold prices slip; 24K seen trading between Dh214.5 and Dh220.5 this week
تم إعداد هذا المنشور من قبل فيجاي فاليتشا
Gold prices fell in the UAE and worldwide on Wednesday morning after rising above $1,800 an ounce in the previous session on Tuesday.
Spot gold fell 0.20 per cent to $1,797.28 an ounce at 9.15 am UAE time.
In the UAE, precious metal prices dropped Dh0.75 per gram at the opening of the market.
The Dubai Gold and Jewellery Group data showed 24K trading at Dh217.75 per gram while 22K, 21K and 18K opened at Dh204.5, Dh195.0 and Dh167.25 per gram.
“Gold is hovering around $1,800 but if selling pressure returns, it could get ugly quick as momentum sellers are watching,” says Edward Moya, senior market analyst at Oanda.
Source:Bloomberg