Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold was up 1.2 per cent at $2,256,69 per ounce, as of 12.45 UAE time, after hitting an all-time high of $2,265.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Spot silver rose 1.34% to $25.25 per ounce, platinum was up 0.53% at $916.08 and palladium climbed 0.7% to $1,021.77.
US, India unveil interim trade framework, move closer to broad pact
The US and India have moved closer to a trade pact, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.
Aldar, Dubai Holding announce next phase of strategic partnership
Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.
Dubai regulator fines investment firm AED 1.8 million over compliance issues
The Dubai Financial Services Authority has fined Ark Capital Management Limited (Dubai) $504,000 (over AED 1.85 million) for regulatory breaches.
UAE, US sign framework to secure critical mineral supply chains
The UAE and the US have signed a framework on critical mineral supply chains, with plans to finance projects in each country in the next six months.
ERC inks agreement to develop teachers housing in Fiji
The Emirates Red Crescent (ERC) has signed an agreement to construct dedicated housing for teachers in Fiji's rural regions.
