After the dip in recent weeks. Gold price showing strength. This follows after strong rally in global precious metals. Weak economic data in the US fuelled the growing expectations for rate cut by US Federal Reserve.
Data from the UAE Jewellery Group, 24K gold was trading at Dh499.25 per gram when markets opened on Tuesday — a rise of Dh13.5 per gram in the past 24 hours.
Other variants also saw gains, with 22K priced at Dh462.75 per gram, 21K at Dh443.25, and 18K at Dh379.75. The upward movement reflects renewed investor confidence in gold as a safe-haven asset amid global economic uncertainty.
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