The post Gold price in United Arab Emirates: Rates on May 9 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 391.84 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 390.34 it cost on Thursday. The price for Gold increased to AED 4,570.33 per tola from AED 4,552.89 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 391.84 10 Grams 3,918.39 Tola 4,570.33 Troy Ounce 12,187.42   Daily Digest Market Movers: Gold price bears seem reluctant to place aggressive bets amid geopolitical risks US President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade deal on Thursday that leaves in place a 10% tariff on goods imported from the UK. Adding to this, US Commerce Secretary Howard Lutnick told CNBC that Washington will roll out dozens of trade deals over the next month, though a 10% tariff imposed on most countries will likely stay. Furthermore, the Trump administration is reportedly considering lowering the tariffs on China to 50% from 145% as soon as next week, which adds to the market optimism and might cap the XAU/USD pair. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet their Chinese counterparts in Switzerland on Saturday to discuss trade and economic issues. The Federal Reserve indicated on Wednesday that it is not leaning towards cutting interest rates anytime soon despite the increasing uncertainty about the economic outlook. This allows the US Dollar to build on its recent bounce from a multi-year low and climb to a four-week top during the Asian session on Friday, and contributes to driving flows away from the non-yielding Gold price. Russia and Ukraine both reported attacks on their forces on the first day of a three-day unilateral ceasefire called by…

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Filed under: News - @ May 9, 2025 5:25 am