Commodities
Dubai Gold Prices Rise Amid Global Decline
Dubai's gold prices rose on Tuesday, despite a global decline in gold prices. According to the Dubai Jewellery Group, 24K gold reached Dh533.50 per gram, while 22K and 18K gained Dh0.25 per gram each.
The increases came as international gold prices slipped amid heightened Middle East tensions and uncertainty over the US interest rate outlook. Global spot gold fell 0.4 percent to $4,428.54 an ounce by 0432 GMT on Tuesday.
Market attention is focused on upcoming US labour market indicators, including job openings, the ADP employment report, and nonfarm payrolls. The figures could influence expectations surrounding the Federal Reserve's interest rate decisions.