Dubai gold dips below Dh500, sweetening festive buying
Dubai: Gold prices continue to decline as expensive crude prices have once again stoked inflation fears which could leave the Federal Reserve questioning whether it will pause a hike in its next rate move. Gold hovered around $4,140 an ounce after dropping 0.6 per cent the day before. Oil held near its highest level in five months as Iran warned it has “no choice” but to assert authority over the…
We haven't written up this one. Gulf News has the full story — the link below goes straight to it.
