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Dubai 22-karat gold drops to Dh450 as prices continue to soften

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Gulf News
“Dubai 22-karat gold drops to Dh450 as prices continue to soften”

Dubai: With all eyes on the US Federal reserve and its decision later today, gold prices have been testing the $4,000-an-ounce threshold. Overnight, gold retreated by over 0.5 per cent shaving off the 1.1 per cent it added in the previous session. But it is the blazing oil prices that have weighed on sentiment with Brent crude climbing to $115 per barrel. The Wall Street Journal has also reported that Washington has warned several Gulf states to prepare for a renewed military campaign against…

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