UAE Gold Prices Steady Monday as 24-Carat Holds at 499 Dirhams
Gold prices in the United Arab Emirates were steady at the start of trading on Monday, with 24-carat gold priced at 499 dirhams per gram.
Local prices held at their latest levels as markets monitored movements in the international gold price.
The US dollar and US bond yields remained key influences on the precious metal, shaping the backdrop for gold trading globally.
Gold is typically sensitive to both factors. A stronger dollar can make it more expensive for buyers using other currencies, while higher bond yields can reduce the appeal of gold, which pays no interest.
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