Gold edged lower on Wednesday with appetite for the metal soured by a firmer dollar despite weaker Asian equities, and failure to breach a key resistance and a looming US rate hike suggest more downside risk.
Asian stocks sagged a
Gold traded flat on Friday, on track to post its biggest weekly drop in five as strong US economic data supported the case for a near-term increase in interest rates.
The upward revision in US economic growth i
Gold traders in Bahrain are calling for private laboratories to be introduced amid claims that a backlog at the government’s Assay Office is hurting trade. A shortage of staff at the office, which falls under the Industry and Commerce Mi
World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilise its slowing economy or halt a stocks collapse that is wreaking havoc in global markets.
Europe's main stock markets,
Gold slipped on Wednesday, struggling to draw buyers even as Asian stocks fell further despite China's latest policy easing with investors remaining wary of a near-term hike in US interest rates.
Bullion erased early gains to
Gold fell on Tuesday as global markets rebounded from the previous day's rout after China cut interest rates to stimulate its wavering economy, with European stocks rising 4.5 per cent and the dollar up 1 per cent versus the euro.
Gold hovered near its highest level in almost seven weeks on Monday as worries over a slowing Chinese economy pushed investors away from risky assets and into those deemed as safe haven.
Asian equities tumbled to three-year lows,
World stock markets tumbled on Friday and US oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.
Stocks on Wall Street and i
Gold steadied on Friday after a rally to six-week highs ran out of steam, but it remained on track for the biggest weekly rise since mid-January as more bad economic data from China battered financial markets.
Passengers at the Abu Dhabi Duty Free will get an opportunity to win a total of 3.5 kg of gold in a new "Scratch & Win" gold promotion at the Abu Dhabi International Airport.
Running till September 30 at all terminals in t