CBUAE gold reserves surged by 34.8 per cent in the first 10 months of 2024
Gold
Latest in Gold
Dubai
World’s largest gold bar on display in Dubai
Dubai Gold Souk Extension showcases world record 300kg gold bar
DMCC
Dubai gold rush forecast as UAE looks to grow $129bn trade flow
Dubai and the UAE are of global significance to changing global precious metal markets
Gold
Hubpay ventures into precious metals, linking UAE businesses with key gold markets
The firm said the move follows it recognizing the growing demand for reliable precious metals trading, particularly in Africa
Dubai Gold Souk
Dubai shoppers offered chance to win 24K gold-plated Tesla Cybertruck
Win a 24K gold-plated Tesla Cybertruck in Dubai’s Gold Souk Extension promotion
Canada
UAE investment firm Seventy Ninth Group doubles funding to $648k for UK metals explorer amid soaring gold prices
The increase from £230,000 to £500,000 reinforces The Seventy Ninth Group’s strong commitment to supporting First Class Metals PLC’s exploration initiatives
Bullion Market
Gold prices surge to all-time high on Friday as rate cut, US election uncertainties drive investors to the safe haven asset
The current rally in gold prices comes close on the heels of gold emerging as the standout asset in Q3, 2024, appreciating by a whopping 13.8%
Gold
Saudi Arabia’s Qassim region has $32.6bn untapped mineral resources with huge gold reserves
Saudi Arabia is looking to boost mining industry and has massive untapped resources in Qassim
Gold
Surge in India’s gold demand expected on the back of import duty cut, wedding season purchases
The country’s gold imports more than tripled to 140 tons in August from the previous month
Commodities
Gold rush: Central banks that bought the most gold in H1 2024
Analysts suggest that gold’s appeal is likely to persist if economic instability continues
European Central Bank
Gold hits record highs on ECB rate cut, US Fed easing optimism grows
The ECB’s decision to implement its second rate cut in three months has fueled investor optimism about declining global interest rates
Gold
Gold prices surge to new heights; reach above $2,500 in anticipation of higher rate cut
A break above the year-to-date high of $2,531 could lead to further gains, according to market experts
Gold
Gold demand in India surges after customs duty cut in budget
Customs duty on gold and silver was cut to 6% from 15% earlier
Asteco
UAE residents plan Eid Al Adha holidays; Emaar announces $15bn community; Dubai real estate records – 10 things you missed this week
UAE Eid holiday plans, Dubai real estate analysis, school fee discounts, cruising, cycling and metro transport updates and more of the top stories this week
Dubai
UAE gold price: Should investors buy right now? Experts weigh in
Gold remains an appealing investment during high inflation periods due to its ability to preserve purchasing power and hedge against currency depreciation and volatility, however, experts suggest to make planned investments
