By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: UAE: Gold prices decrease in early trading on Tuesday
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Moscow Metro Marks 90 Years with Technological Advancements and Heritage Events
Lifestyle World
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Gulf > UAE > UAE: Gold prices decrease in early trading on Tuesday
UAE

UAE: Gold prices decrease in early trading on Tuesday

News Room
Last updated: 2024/07/02 at 12:39 PM
News Room
Share
4 Min Read
SHARE

Gold prices in Dubai opened lower on Tuesday, with 24K gold trading at Dh281.75 per gram at 9am, down by Dh0.25 per gram. Other variants such as 22K, 21K, and 18K opened at Dh261.0, Dh252.5, and Dh216.5 per gram, respectively. Globally, gold was trading at $2,326.78 per ounce, down by 0.23 percent at 9.10am UAE time. The CEO for Mena at BDSwiss, Daniel Takieddine, mentioned that gold traded sideways due to the uncertainties surrounding the US Federal Reserve’s future interest rate decisions.

Takieddine explained that key US inflation data from May indicated a slowdown, leading to the expectation that the Fed might implement rate cuts twice this year. However, opposition from significant FOMC members remains. He also mentioned that political uncertainty in the US and Europe could continue to support gold prices. The recent debate between President Joe Biden and his Republican opponent, Donald Trump, increased political uncertainty and could drive demand for gold. Additionally, the French parliamentary elections have added to the uncertainty about the far-right party’s potential to influence French policies, which could affect gold prices as investors await the second round of votes.

Gold prices are influenced by various factors such as economic data, interest rate decisions, political events, and global uncertainties. Investors often turn to gold as a safe-haven asset during times of uncertainty and market volatility. The recent developments in the US and Europe, including inflation data, interest rate decisions, and political events, have contributed to the sideways movement in gold prices. As the US Federal Reserve considers potential rate cuts and political uncertainty persists, gold prices may continue to be supported by these factors.

In the UAE, gold prices are closely monitored by investors and consumers alike. The Dubai Jewellery Group provides regular updates on gold prices, allowing individuals to stay informed about market trends and make informed decisions regarding their investments. With gold being a popular investment choice in the region, fluctuations in prices can have a significant impact on the overall market sentiment. As gold continues to be influenced by global events and economic indicators, investors will continue to follow the market closely for potential opportunities.

It is essential for investors to stay up to date with the latest news and market developments to make informed decisions regarding their investments. Following reliable sources for information, such as KT on WhatsApp Channels, can help individuals stay informed about the latest trends and updates in the gold market. With experts like Daniel Takieddine providing insights into market movements and factors influencing gold prices, investors can gain a better understanding of the dynamics at play in the gold market and make more informed investment decisions.

As gold prices continue to be influenced by a combination of economic data, interest rate decisions, political events, and global uncertainties, investors will need to monitor the market closely for potential opportunities and risks. By staying informed and following reliable sources for information, investors can navigate the gold market more effectively and make decisions that align with their investment goals. With ongoing developments in the US and Europe shaping the direction of gold prices, being aware of these factors is crucial for investors looking to capitalize on market trends.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room July 2, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Saudi Arabia publicizes establishment of national committee for food security
Next Article European authorities take a tough stance on major technology companies – News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World June 28, 2025
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports June 10, 2025

You Might also Like

UAE

The Myriad Redefines Student Living for a Mobile, Urban Generation

May 27, 2025
GulfUAE

Senkron Digital Showcases CyberPact Service at GISEC Global 2025

May 12, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
GulfUAE

Your Next Destination in Dubai: Mövenpick Hotel Apartments Downtown Dubai – The Perfect Choice for Your Stay

April 23, 2025
GulfUAE

Nexus Developer Announces the Launch of ‘Estrella’ to Set New Standards in Boutique Luxury Living in Majan, Dubai

April 23, 2025
GulfUAE

Moscow City Tourism Committee Brings ‘Moscow Tea Time’ to Dubai with 15 Cultural Venues

April 18, 2025
GulfUAE

Wassim Elassaad Inspires Innovation at Gratuso and Waz & Co-Management Consultancy

April 16, 2025
GulfUAE

The Central Bank of the UAE Awards Tap Payments a Full Payment Services License

April 8, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?