Gold nears Dh500 as dollar slips after US midterms
Dubai: Gold pushed higher again after surging more than 3 per cent on Wednesday. A Democratic sweep of Congress in the US midterms pulled the dollar and Treasury yields down. Bullion rose as much as 2.1% to trade near $4,146 an ounce, after rising the most since August in the previous session to back above the $4,000 support threshold. In the UAE, 24-karat gold is inching back to Dh500 levels in…
We haven't written up this one. Gulf News has the full story — the link below goes straight to it.
