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UAE gold climbs Dh11 as US vote weakens dollar

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Gulf News
“UAE gold climbs Dh11 as US vote weakens dollar”

Dubai: Gold prices jumped 2.42 per cent to above $4,025 an ounce on Wednesday. The dollar and US Treasury yields slid after early midterm election results favoured the Democrats. UAE prices followed the rally. The 24K rate rose to Dh484 a gram, up Dh11, or 2.3 per cent, from Dh473 on Tuesday. The 22K rate climbed Dh10.25 to Dh448.25 from Dh438. The 18K rate gained Dh8.75 to Dh368.50 from Dh359.75. The 14K rate added Dh6.50 to Dh287.25 from Dh280.75. Midterms move the dollar Bloomberg reports…

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