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- Oil Updates - crude steady as investors weigh impact of Trump tariffs
24/03/2025 05:43 AST
Gold prices slipped at the opening of markets in Dubai on the first trading day of the week due to a stronger US dollar as investors await fresh catalysts.
At 9am UAE time, the 24K variant of the yellow metal fell to Dh363.75 per gram, down from Dh364.5 per gram at the close of markets over the weekend. Among the other variants, 22K dropped to Dh337, 21K to Dh323 and 18K to Dh277 per gram.
Globally, gold was trading at $3,022.39 per ounce, down 0.62 per cent.
Fadi Al Kurdi, CEO of FFA Kings, said strong safe-haven demand driven by heightened tensions in the Middle East led the bullion to break record highs last week. "This ongoing instability is likely to continue weighing on investor sentiment and supporting gold's appeal. In Eastern Europe, hopes for diplomatic progress between Russia and Ukraine provided some relief. However, renewed Russian strikes on civilian infrastructure have tempered optimism, keeping markets on alert," said Al Kurdi.
Meanwhile, the Federal Reserve's cautious tone may limit gold's upside. "Persistent trade tensions could stoke inflationary pressures, and prompt the Fed to adopt a hawkish stance. However, signs of an economic slowdown may encourage a looser policy stance, providing renewed support for gold," he added.
Khaleej Times
26/03/2025
Emaar Properties' Annual General Meeting (AGM) on Wednesday approved 100 per cent dividend payout for 2024, amounting to Dh8.8 billion.
This follows the introduction of Emaar's updated divid
Khaleej Times
26/03/2025
Reflecting the chaos arising from lack of clarity over the US' reciprocal tariff policy, the Qatar Stock Exchange (QSE) continued to be under selling pressure for the fifth straight session and its k
Gulf Times
25/03/2025
Saudi Central Bank has granted a license to Alannaya Al-Yatmania to conduct finance aggregation services.
This involves gathering and consolidating financial data from various sources - such
Arab News
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,018.2 | -21.8 | -0.72 |
| Silver | 33.29 | -0.5 | -1.48 |
| Platinum | 979.5 | -6.5 | -0.66 |
| Palladium | 962.5 | 6.5 | 0.68 |
25/03/2025
Gold prices rose on Monday amid concerns about the imminent tariffs that US President Donald Trump plans to impose, in addition to anticipation of interest rate cuts by US Federal Reserve this year.
QNA
22/03/2025
Gold prices fell on Friday, but were poised for a third straight weekly gain, bolstered by safe-haven demand amidst geopolitical and economic uncertainties as well as anticipation of US Federal Reser
Reuters
21/03/2025
Gold touched an all-time high on Thursday as the US Federal Reserve signaled two possible interest rate cuts this year, adding to the bullion's appeal amid ongoing geopolitical and economic tensions.
Asharq Al Awsat
19/03/2025
Gold hit another record high above $3,000 on Tuesday, with investors seeking the metal as a haven from risk as conflict flared in the Middle East and US President Donald Trump pressed on with tariff
Asharq Al Awsat
18/03/2025
Safe-haven gold firmed on Monday, trading near an all-time high scaled in the previous session, while the market's focus shifted to the US Federal Reserve's meeting this week.
Spot gold adde
Asharq Al Awsat
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