The post Gold price in United Arab Emirates: Rates on March 28 appeared on BitcoinEthereumNews.com.

Gold prices rose in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 363.02 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 360.92 it cost on Thursday. The price for Gold increased to AED 4,234.22 per tola from AED 4,209.75 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 363.02 10 Grams 3,630.21 Tola 4,234.22 Troy Ounce 11,291.07   Daily Digest Market Movers: Gold price remains well supported by worries about Trump’s tariffs US President Donald Trump on Wednesday announced a 25% tariff on imported cars and light trucks set to take effect on April 3, widening the global trade war and tempering investors’ appetite for riskier assets.  This comes on top of a flat 25% tariff on steel and aluminum, and Trump’s impending reciprocal tariff announcement next week, which fuels uncertainty and lifts the safe-haven Gold price to a fresh record high.  Meanwhile, the markets are now pricing in the possibility that the Federal Reserve (Fed) would lower borrowing costs again at its June policy meeting amid worries about the tariffs-driven US economic slowdown.  The US Dollar bulls seem rather unaffected by better-than-expected US macro data released on Thursday and mostly hawkish comments from Fed officials, lending additional support to the XAU/USD pair.  The US Bureau of Economic Analysis (BEA) reported that the US ‘ Gross Domestic Product (GDP) grew by 2.4% annualized pace in the fourth quarter, above the previous estimate and expected reading of 2.3%  Adding to this, the US Department of Labor said that the number of US citizens filing new applications for unemployment insurance ticked lower to 224K compared to the previous week’s revised tally of 225K.  Richmond Fed President Tom Barkin said that the current moderately restrictive monetary…

---

Filed under: News - @ March 28, 2025 5:18 am