Gold has edged up above $1,200 an ounce as buyers helped the metal hold up against rising equity markets, paring losses fuelled by worries over a looming hike in US interest rates.
A surge in gold prices to above $1,230 an ounce l
The Dubai Gold and Commodities Exchange (DGCX) recorded a 19 per cent growth in volumes in November, as compared to the same period last year, training more than 980,000 contract, valued at $28.5 billion.
Gold edged lower on Friday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June as the dollar retreated and sliding oil prices hurt risk appetite and stocks.
Gold is up nearly three p
Jumeirah Golf Estates has won four awards as one of the Middle East’s top residential gold resorts at the recent International Property Awards help in Dubai, UAE.
The residential community received both ‘Best Golf Deve
Emirates Global Aluminium (EGA) has won two gold awards recently at the sixth Continual Improvement and Innovation (CII) Symposium, an annual event organised by Dubai Quality Group.
Three EGA case studies were short-listed for the
Aluminium Bahrain (Alba) has provided "Gold" sponsorship to the ongoing third Middle East Maintenance Conference and Exhibition (MaintCon) 2014.
This, the company said, underlines its commitment to promoting a comprehens
Gold saw its biggest daily surge in more than a year on Monday, reversing from 2 per cent losses to a one-month high on spillover support from the surging oil market, technical buy signals and potential for increased Indian imports. Silver vault
Gold rebounded sharply on Monday from the 2 per cent losses it posted after Switzerland voted against a proposal to boost its gold reserves, as lower prices tempted fresh buyers and Moody's cut its rating on Japan.
Gold prices tumbled on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, joining a broad rout in commodities that sent copper and oil prices to four- and five-year lows.
Gold fell on Friday on the back of a slump in oil prices, with strength in the dollar piling further pressure on the metal ahead of a referendum on the management of Swiss bullion reserves this weekend.
Oil prices posted their sha