Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Dubai Gold Rates Decline as US Employment Data Boosts Rate Hike Expectations

Guavy AI Editorial Team
Instruments
Gold
Share

Dubai gold rates declined on Saturday after stronger-than-expected US employment data increased expectations of a Federal Reserve interest rate hike this month.

The Dubai Jewellery Group reported that 24K gold stood at Dh533.75 per gram, down Dh5.50 from Friday's Dh539.25.

This comes after a volatile week in which Dubai gold prices first climbed sharply before giving back some of their gains.

The stronger labour-market figures pushed expectations for a September Federal Reserve rate increase higher, with interest-rate futures indicating roughly a 65 percent chance of a hike at the Fed's September 15-16 meeting, up from about 55 percent before the jobs report.

More on Commodities

Commodities 8m ago

Cora Gold Secures $120M Stream Funding for Mali Project

Commodities 12m ago

Black Sea Conflict Pushes Global Food Prices to Four-Year High

Commodities 15m ago

South American Nations Unite to Address Critical Mineral Supply Gaps

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy