The post Gold price in United Arab Emirates: Rates on April 4 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 366.46 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 367.87 it cost on Thursday. The price for Gold decreased to AED 4,274.32 per tola from AED 4,290.78 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 366.46 10 Grams 3,664.63 Tola 4,274.32 Troy Ounce 11,398.20   Daily Digest Market Movers: Gold price remains depressed despite a combination of supporting factors Gold price attracts some sellers for the second successive day on Friday, though a combination of factors should continue to act as a tailwind and limit any meaningful corrective slide from the record high. US President Donald Trump rattled global financial markets late Wednesday and unveiled reciprocal tariffs of at least 10% on all imported goods, which could negatively impact the world economy. Traders ramped up expectations that the Federal Reserve will resume its rate-cutting cycle in June and lower borrowing costs four times by the year-end as Trump’s trade policies reignite US recession fears. The yield in the benchmark 10-year US government bond slides below 4.0% for the first time in six months and fails to assist the US Dollar to build on the overnight bounce from a multi-month trough. Meanwhile, data released on Thursday showed that economic activity in the US services sector eased momentum in March, with the ISM Services PMI falling to 50.8 from 53.5 in February and missing estimates. Separately, the US Department of Labor (DOL) reported US citizens filing new applications for unemployment insurance ticked lower to 219K for the week ending March 29 from the 225K previous. The aforementioned fundamental backdrop favors the XAU/USD bulls. Hence, the modest downtick could be attributed to some…

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Filed under: News - @ April 4, 2025 5:22 am