Gold price in United Arab Emirates: Rates on July 22
The post Gold price in United Arab Emirates: Rates on July 22 appeared on BitcoinEthereumNews.com. Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 400.24 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 401.15 it cost on Monday. The price for Gold decreased to AED 4,668.28 per tola from AED 4,678.92 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 400.24 10 Grams 4,002.37 Tola 4,668.28 Troy Ounce 12,448.71 Daily Digest Market Movers: Gold price depreciates as US Dollar advances amid market caution The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after losing more than 0.50% in the previous session and trading at around 97.90 at the time of writing. The Greenback finds support from market caution, which weighs on dollar-denominated Gold by making it more expensive for buyers using other currencies. A White House official said that US President Donald Trump is likely to fire Fed Chairman Jerome Powell soon. However, Trump denied it in a Truth Social post on Sunday, calling it “typically untruthful.” Republican Congresswoman Anna Paulina Luna has formally accused the Fed Chair Powell of committing perjury on two separate occasions, both related to discussions about the Federal Reserve’s long-planned renovations of its headquarters in Washington, D.C. FOMC Governor Adriana Kugler said that the US central bank should not lower interest rates “for some time” since the effects of Trump administration tariffs are starting to show up in consumer prices. Kugler added that restrictive monetary policy is essential to keep inflationary psychology in line. San Francisco Fed President Mary Daly said last week that expecting two rate cuts this year is a “reasonable” outlook, while warning against waiting too long. Daly added that rates will eventually settle…
The post Gold price in United Arab Emirates: Rates on July 22 appeared on BitcoinEthereumNews.com.
Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 400.24 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 401.15 it cost on Monday. The price for Gold decreased to AED 4,668.28 per tola from AED 4,678.92 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 400.24 10 Grams 4,002.37 Tola 4,668.28 Troy Ounce 12,448.71 Daily Digest Market Movers: Gold price depreciates as US Dollar advances amid market caution The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after losing more than 0.50% in the previous session and trading at around 97.90 at the time of writing. The Greenback finds support from market caution, which weighs on dollar-denominated Gold by making it more expensive for buyers using other currencies. A White House official said that US President Donald Trump is likely to fire Fed Chairman Jerome Powell soon. However, Trump denied it in a Truth Social post on Sunday, calling it “typically untruthful.” Republican Congresswoman Anna Paulina Luna has formally accused the Fed Chair Powell of committing perjury on two separate occasions, both related to discussions about the Federal Reserve’s long-planned renovations of its headquarters in Washington, D.C. FOMC Governor Adriana Kugler said that the US central bank should not lower interest rates “for some time” since the effects of Trump administration tariffs are starting to show up in consumer prices. Kugler added that restrictive monetary policy is essential to keep inflationary psychology in line. San Francisco Fed President Mary Daly said last week that expecting two rate cuts this year is a “reasonable” outlook, while warning against waiting too long. Daly added that rates will eventually settle…
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