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Dubai gold price slip down, Dh140 for 22k

Dubai gold price slip down, Dh140 for 22k

Dubai gold prices in Dubai are Dh154 for 24-karat and 22-karat can be bought for 145.90.

Gold recovered slightly from heavy losses in the previous session as the dollar stabilized and uncertainty surrounding the US tax reform plan prompted investors to take a risk aversion and shed stocks from record highs.

However, prices are still moving in a tight range as investors await more clues about the course of US interest rates.

Spot gold rose 0.24% to $ 1279.12 an ounce in late US trade.

US gold futures for December delivery rose 0.4% to settle at $ 1278.90 an ounce.

Among other precious metals, silver rose 0.9 percent to $ 17.05 an ounce, platinum rose 0.8 percent to $ 933.40 an ounce, while palladium dropped 0.4 percent to $ 990.40 an ounce.

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