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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price likely to average $1,025 an ounce this year

Posted on 31 August 2015

Gold’s retail prices in Dubai continued to hold steady on Sunday although analysts are expecting the bullion to resume its weakness following the recovery of the global stock markets. Overall, there are still some bargains to be had for gold bugs in Dubai, with Sunday’s retail prices still lower compared to almost a week ago, when the yellow metal was retailing at Dh140 per gram for 24K.
As the US dollar picked up strength on Friday, the UAE dirham continued to rise against other currencies, with the Indian rupee pegged at 18.01 per dirham and Philippine peso at 12.7 on Sunday, slightly higher than Thursday’s exchange rates………………………………………..Full Article: Source


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