Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
1 / 6
0

Gold buyers may get another price dip before rally resumes

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Nivetha Dayanand·25 days ago
#1G9cI5VY
#share#google#app#uaegold#dubaigold#gold
Reading 0:00
15s threshold

Dubai: Gold buyers waiting for a better entry point may still get another chance, with the World Gold Council saying the metal looks vulnerable in the short term even though its long-term support remains intact. (Check latest UAE gold prices  here , alongside prices in  Saudi Arabia ,  Oman ,  Qatar ,  Bahrain ,  Kuwait , and  India .) Gold closed April at $4,611 an ounce, almost unchanged for the month, after investors balanced strong exchange-traded fund inflows and dip buying against weaker market volatility, stronger risk appetite and delayed expectations for US interest rate cuts. Gold is not in a clean upward move for now. The market has lost some momentum after the March sell-off, and prices may need a fresh trigger before the rally resumes. Buyers hold back after March fall The WGC said gold’s April performance was shaped by two opposing forces.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More