Loading ...
Tuesday, May 29, 2018
Gulf News – Dubai gold prices fall after previous week’s rally
By Vijay Valecha in 'Century in News'
Gold is still showing signs of weakness and may post more declines over next few days
Dubai: Gold jewellery buyers in the UAE can still score some bargains today (Monday), with the bullion prices dipping slightly following a rally last week.
The price of 24-karat gold stood at Dh157.25 per gram as of 11.30am, nearly D5 cheaper compared to last month’s peak of Dh162 per gram, while 22K and 18K retailed at Dh147.74 and Dh120.75 per gram, respectively. Spot gold slipped 0.4 per cent to $1,296.20 an ounce.
According to the latest analysis, gold is still showing signs of weakness and some dips are again likely to happen this week, unless the precious metal manages to move past above $1,302 or $1,305 an ounce.
Gold fell to its lowest price for 2018 on Monday but later bounced back and hit the $1,300-an-ounce level after the US dollar retreated and the minutes from the US Federal Reserve’s meeting stoked appetite for safe assets.
Source:
__415273290.jpg)
__927626738.jpg)
__1246733322.jpg)
__996021604.jpg)
__317378083.jpg)
Regulated by SCA
Century Financial Consultancy LLC
Reach us:
-
Dubai
6th Floor, Building 4, Emaar Square,
Downtown Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
Office 3014, 30th Floor
Tamouh Tower, Building 12, Marina Square,
Al Reem Island, Abu Dhabi - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries risk. Trading in leveraged Over-The-Counter (OTC) Derivative products (including Contracts for Difference (CFDs) and spot foreign exchange contracts) involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. OTC Derivative products / CFDs are complex financial instruments that do not confer any claim or right to the underlying financial instrument. Transactions in these instruments are very risky, and you should trade only with the capital you can afford to lose. Before deciding to trade on these products, you should consider your investment objectives, risk tolerance and your level of experience. Accordingly, you should ensure that you understand the risks involved and seek independent advice from professionals, if necessary.
Century Financial Consultancy LLC (CFC) is duly licensed and regulated by the Securities and Commodities Authority of UAE (SCA) under license numbers 20200000028 and, 20200000081 to practice the activities of Trading broker in the international markets, Trading broker of the OTC derivatives and currencies in the spot market, Introduction, Financial Consultation and Financial Analysis, and Promotion. CFC is a Limited Liability Company incorporated under the laws of UAE and registered with the Department of Economic Development of Dubai (registration number 768189). CFC has its registered office at 601, Level 6, Building no. 4, Emaar Square, Downtown, Dubai, UAE, PO Box 65777.
Any content available on our website is presented solely to provide information and educate visitors. Under no circumstances is any of this content meant to be construed as an offer, recommendation, advice, or solicitation to buy or sell securities or other financial products.
This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
