Gold prices have eased from weekly highs, holds at Dh298 per gram for 22 Karat on Friday
During the lead-up to Eid Al Etihad, UAE experts are eyeing an increase in demand for gold jewellery, just like any other major holiday in the Gulf region, more so as prices are expected to remain low as investors move toward riskier assets like stocks in the coming days.
“Globally, gold prices have eased from the weekly highs but holds at $2,650 (Dh9,700) per ounce on Friday, which is more or less the price level the yellow metal will likely persist at over the coming days following last month’s spike up to new highs,” opined April LaVine, a Dubai-based precious metals retail analyst.
