Apex court asked the lawyers to provide a copy of the apology advertisements without enlarging them, emphasising they should not need a microscope to read it
The gold price was slightly down on Monday morning after hitting a nearly two-week peak earlier in the day due to the weaker US dollar.
Spot gold fell 0.1 per cent to $1,761.37 per ounce by 9.20am UAE time, after hitting $1,765.54, its highest since September 23, earlier in the day.
In the UAE, the precious metal prices remained unchanged. The Dubai Gold and Jewellery Group data showed 24K trading at Dh213.25 per gram, 22K at Dh200.5, 21K at Dh191.25 and 18K at Dh164.0 on Monday morning.
The dollar index dropped to its lowest since September 29, making gold cheaper for buyers holding other currencies.
The US Federal Reserve’s conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta Mester said on Friday, adding she expects inflation to come back down to the central bank's target next year.
Gold is traditionally seen as an inflation hedge, although reduced central bank stimulus and interest rate hikes tend to push government bond yields up, in turn translating into a higher opportunity cost for gold that pays no interest.
waheedabbas@khaleejtimes.com
Apex court asked the lawyers to provide a copy of the apology advertisements without enlarging them, emphasising they should not need a microscope to read it
The yellow metal is supported by a revival in demand from Chinese consumers and healthy purchasing activity by central banks, expert says
The Lives and Livelihoods Fund is the largest multilateral fund of its kind in the Middle East
Stock market opened with modest gain on Wednesday marking third consecutive session in the upward gain
Union warned it could order several days of strike action over a busy May holiday weekend if its demands are not met
Humidity is set to rise during the night and into Thursday morning
Text messages, social media posts, chatroom messages, altered images, and videos are just a few avenues through which cyberbullying can occur
The building in Muhaisnah 4 had suffered structural damage last week and has been sealed off as authorities conduct investigations