Gold shoppers in the United Arab Emirates (UAE) are pausing their purchases as prices remain elevated at around 374.5 dirhams per gram for 22K gold, as reported by Gulf News.
Gold remains in the news cycle due to the latest rally in its prices. On Monday, international gold prices reached yet another high, surpassing USD 3,400 per ounce.
There's no looking back for safe-haven gold amid the global trade uncertainties that have emanated from Trump administration's reciprocal tariffs and Chinese counter tariffs.
Gold, considered a safe haven asset for investment, has been in demand for considerable period of time, with its prices rallying to hit record highs every now and then.
India's consistent efforts to bolster its gold reserves reflect a strategy aimed at diversifying its foreign exchange reserves and mitigating risks associated with currency fluctuations and economic uncertainties.