Gold drops for a third day, 24K below Dh480 per gram
Dubai: Global gold fell for a third straight session on November 12 and held below $4,000 an ounce. Stubborn US inflation and hawkish remarks from Federal Reserve officials have convinced traders that an interest-rate hike is coming next month. In the UAE retail prices followed the global slide. 24-karat gold costs Dh479.25 a gram, down Dh3.75 from Dh483.00 yesterday. 22-karat dropped Dh3.50 to…
We haven't written up this one. Gulf News has the full story — the link below goes straight to it.
