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

Gold prices remained broadly unchanged in United Arab Emirates on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 389.37 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 389.73 it cost on Tuesday. The price for Gold was broadly steady at AED 4,541.49 per tola from AED 4,545.77 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 389.37 10 Grams 3,893.69 Tola 4,541.49 Troy Ounce 12,110.73   Gold daily market movers: Bullion plummets on strong US Dollar and solid US Consumer Confidence US Treasury bond yields remain steady. The 10-year Treasury note yield falls six basis points (bps) down to 4.446%. Meanwhile, US real yields also declined by six basis points to 2.116%. US Consumer Confidence in May improved from 85.7 to 98.0, with the recovery attributed to the truce on tariffs. Stephanie Guichard, senior economist at The Conference Board, said, “The rebound was already visible before the May 12 US-China trade deal but gained momentum afterward.” US Durable Goods Orders disappointed investors, plunged -6.3% MoM in April, down from March’s 7.6% increase but exceeded forecasts of -7.8% contraction. Minneapolis Fed President Neel Kashkari said that interest rates should remain on hold until there is clarity on how higher duties affect price stability. Despite the backdrop, the Gold price outlook remains optimistic due to the still fragile market mood on US assets, ignited by the growing fiscal deficit in the United States, which prompted Moody’s to downgrade US government debt from AAA to AA1. Besides this, Reuters revealed that “China’s net gold imports via Hong Kong more than doubled in April from March, and were the highest since March 2024, data showed.” Money markets suggest that traders are pricing in 46.5 basis points of easing toward the…

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Filed under: News - @ May 28, 2025 5:28 am