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Gold steadies at $3,900 after worst October since 2008

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Gulf News
“Gold steadies at $3,900 after worst October since 2008”

Dubai: Gold prices in the UAE edged higher on Monday. 24-karat gold trades at Dh470.25 per gram, up from Dh467 at the last close. 22-karat sells at Dh435.50, 18-karat at Dh358 and 14-karat at Dh279.25 on Monday morning. The local gain follows a rebound in global prices. Spot gold rose 0.72 per cent to $3,913 an ounce by 10:15 am in Dubai, after seeing a much bigger rise in its previous session. Bargain hunters stepped in after Friday’s 3.7 per cent slump took the metal to its lowest level in a…

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