Gold prices cross $3,350 briefly in early trading - can it last?
Business Editor
1 MIN READ
Gold prices are trending ever higher, but can they continue this run?
Gold prices are trending ever higher, but can they continue this run?
Bloomberg
Dubai: Gold prices shot past $3,050 an ounce for the first time in early trading today, and with shoppers and jewellery retailers wondering when will this increase start to stabilize. Or better still, actually see prices dropping.
When it comes to the Dubai gold rate, it's up nearly Dh20 a gram in just 20 days . Such increases have never been seen before, say UAE gold jewellers.
"The Dh319.5 for a gram of 22K on February 28 was the lowest the Dubai gold rate has been between February 19 and March 20," said a jewellery retailer. "Such gains of nearly Dh20 in the past would have taken months at the very least - now, it's happening in a matter of days."
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