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Tag "Middle East"

Price of gold continues to rise in Dubai

Price of gold continues to rise in Dubai 0

🕔13:01, 23.Jul 2019

Political tensions in the region are resulting in slight gains in the price of gold. Prices of both 22 karat and 24 karat gold are both up – 22k is trading at AED162.25 against last week’s AED161.25; while 24k is

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Gold eases from six-year peak but remains on track for weekly gain

Gold eases from six-year peak but remains on track for weekly gain 0

🕔17:57, 20.Jul 2019

(Reuters) – Gold eased on Friday as investors booked profits after prices raced past $1,450 an ounce to hit a six-year peak, but Middle East tensions and prospects for lower interest rates kept bullion on track for a second week

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Gold Prices Gained on Middle East Tension, Rate Cut Expectations

Gold Prices Gained on Middle East Tension, Rate Cut Expectations 0

🕔18:11, 19.Jul 2019

Gold prices gained on Friday amid intensifying tension in the Middle East and rising expectations of aggressive Fed easing. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained 1.1% to $1,443.45 a troy ounce

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Gold retreats farther from 14-month tops, drops to $1336 area

Gold retreats farther from 14-month tops, drops to $1336 area 0

🕔17:18, 17.Jun 2019

Gold prices edged lower at the start of a new trading week and retreated farther from 14-month tops set on Friday. The US Dollar staged a solid rebound on Friday following the release of upbeat US monthly retail sales data and prompted some aggressive

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Big Price Cuts at UAE Jewellery Shops as Gold Falls, US Dollar Strengthens

Big Price Cuts at UAE Jewellery Shops as Gold Falls, US Dollar Strengthens 0

🕔15:35, 21.May 2019

Dubai: Gold jewellery prices in the UAE dropped to their lowest level in weeks as the US dollar strengthened, offering a much-needed price relief to consumers.Retail rates across the stores and souks posted a decline of approximately Dh2.50 per gram

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American Faberge and World Renowned Jewelry Maker and Sculptor, Zadora, to Woo the Bespoke Middle East Market

American Faberge and World Renowned Jewelry Maker and Sculptor, Zadora, to Woo the Bespoke Middle East Market 0

🕔14:42, 17.May 2019

Andreas von Zadora-Gerlof, the American Faberge and world’s foremost glyptics aka gemstone artist, has announced his plans to target the young, affluent Middle East consumer base market with unparalleled supply and demand credentials. Zadora is poised to open his first-ever

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DMCC Forms Strategic Alliance With China Gems and Jade Exchange

DMCC Forms Strategic Alliance With China Gems and Jade Exchange 0

🕔10:11, 15.May 2019

Dubai, UAE: DMCC, the world’s leading Free Zone for commodities trade and enterprise, announced today that it has signed a Memorandum of Understanding with the China Gems and Jade Exchange (CGJE), creating a strategic alliance with China’s official trading platform for gemstones

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Where UAE Gold Jewellery Prices are Headed This Week: Rates Could Easily Soar to Nearly Dh160 Per Gram

Where UAE Gold Jewellery Prices are Headed This Week: Rates Could Easily Soar to Nearly Dh160 Per Gram 0

🕔12:04, 13.May 2019

Dubai: Gold jewellery fans in the UAE could be in for price increases of more than Dh3 per gram this week, as demand for the precious metal is forecast to surge amid tensions arising from the US-China trade war. An analyst

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Drop in Demand for Gold Jewellery

Drop in Demand for Gold Jewellery 0

🕔11:59, 13.May 2019

Gold jewellery manufacturing in the world declined 4% year-on-year to 2 129 tonnes in 2018, according to the recently released Refinitiv GFMS Gold Survey 2019. Weakness across Europe, following turbulent internal politics and cooling trade, saw gold jewellery demand across

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World Gold Council Says Central Banks Bought 68% in Q1 2019 Than Last Year

World Gold Council Says Central Banks Bought 68% in Q1 2019 Than Last Year 0

🕔14:25, 10.May 2019

Russia and China led the buying spree, with Russia snapping up 55.3 tons and China purchasing 33 tons. Monthly purchases from the People’s Bank of China have averaged 11 tons over the past four months. Other notable buyers include Turkey

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