The post Gold price in United Arab Emirates: Rates on June 20 appeared on BitcoinEthereumNews.com.

Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 396.36 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 398.33 it cost on Thursday. The price for Gold decreased to AED 4,623.22 per tola from AED 4,646.00 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 396.36 10 Grams 3,963.78 Tola 4,623.22 Troy Ounce 12,328.23   Daily Digest Market Movers: Gold price is weighed down by reduced bets for more aggressive Fed rate cuts The US Federal Reserve (Fed) held interest rates steady at the end of a two-day meeting on Wednesday amid concern that US President Donald Trump’s tariffs could push up consumer prices. In the so-called dot plot, the committee projected two rate cuts by the end of 2025. However, Fed officials forecasted only one 25-basis points rate cut in each of 2026 and 2027 amid the risk that inflation could stay persistently higher. The global risk sentiment remains fragile on the back of persistent trade-related uncertainties and rising geopolitical tensions in the Middle East. In fact, Trump said earlier this week that tariffs on the pharma sector are coming soon. This adds a layer of uncertainty in the markets ahead of the July 9 deadline for sweeping “liberation day” tariffs and keeps investors on edge, which could benefit the safe-haven Gold price. On the geopolitical front, the aerial war between Iran and Israel continues for the eighth day amid speculations over a possible US involvement. According to the US Senate Intelligence Committee Chair, Trump said that he would give Iran the last chance to make a deal to end its nuclear program and delay his final decision on launching strikes for up to two weeks. This raises the…

---

Filed under: News - @ June 20, 2025 7:25 am