Gold hits three-month high as investor demand surges
Gold climbed to its highest level in over three months on Tuesday, buoyed by increased investor interest as markets await key US inflation data.
Dubai: Gold prices in the UAE fell slightly on Tuesday after soaring to a three-month high, providing a brief relief for shoppers. The 24K rate dropped to Dh557.50 per gram, down from Dh558 the previous day, while 22K gold remained steady at Dh516.25 per gram. Investors are taking a breather before key US economic data and a Federal Reserve speech, as geopolitical tensions in the Middle East keep gold's safe-haven appeal in focus.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
