Connect with us

Business

Gold Price in Dubai December 2021: Rise in Gold Prices 24k Gold rates in Dubai today is Dh216 per gram.

Published

on

Gold rates dubai 2022

After a few poor days, a small hike was seen in Gold in today’s market. Gold Price in Dubai December 2021 has been volatile. Know what is today’s 24k Gold rates prices in Dubai.

gold rates dubai 2022 24k

gold rates dubai 2022 24k

After a break rise in Gold prices today, Thursday 16th Dec 2021 morning. We all know Gold Price in Dubai December 2021 have been volatile. The graph is moving in the same direction to the lower side. But today, 24K Gold rates are near Dh216 per gram. The dollar is looking weaker after the US Federal Reserve said it would end pandemic-era bond-buying in March.

1kg gold dubai

1kg gold dubai

Spot Gold rates Dubai December 2021:

Spot gold rose 0.13 percent to $1,781.70 per ounce at 9.15 am UAE time. In the UAE, 24K price grew more than one dirham per gram to Dh216.0 per gram on Thursday morning. Yesterday it was hovering around Dh214.75. Cost of 22K Gold Dubai opened at Dh203.0 per gram, 21K at Dh193.5, and 18K at Dh166.0 today.

1000gm gold rates

1000gm gold rates dubai

The yellow metal is under pressure as investors wait for clarity on the interest rates.

Gold prices got struck down after the Fed signaled inflationary pressures will push them to complete tapering by mid-March and that next year they could produce three rate hikes, with an extra three in 2023. 

1 kg gold dubai 24k

1 kg gold dubai 24k

Edward Moya Market Analysis:

The risk of the economy falling into a slump in 2023 does not seem unreasonable. But Edward Moya, senior market analyst, said Gold’s fault could be near its end as the Fed will be on autopilot until the March policy meeting.

On Wednesday 15th Dec 2021, the Fed doubled the pace of tapering and estimated three rate hikes in 2022 and another three increases in 2023.

gold rates dubai

gold rates dubai

An analyst at DailyFX, Thomas Westwater:

Gold prices are rising through the Asia-Pacific session after an overnight bout of force following the Federal Reserve’s rate decision.

today gold rates 24k dubai

today gold rates 24k dubai

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Poll predicts that the Gulf economies will grow faster in 2022

Published

on

Gulf Cooperation Council

In the UAE, Saudi Arabia, and Oman, inflation was expected to remain the lowest.

According to a Poll predicts Reuters poll of economists, the economies of the six-member Gulf Cooperation Council will grow at their fastest rates in several years, though the risk to that outlook is skewed to the downside.

Crude oil prices, a major driver for Gulf economies, rose to their highest level since 2014 on Wednesday. Owing to escalating global political tensions involving major producers, which could exacerbate already tight supplies.

That is good news Poll predicts for the region’s six wealthy oil-exporting countries. According to a January 11-19 poll of 25 economists. All six Gulf Cooperation Council economies will grow faster this year than was predict three months ago.

Saudi Arabia was predict to top the list with 5.7 percent growth, followed by Kuwait and the UAE with 5.3 percent and 4.8 percent growth, respectively.

Saudi Arabia

Saudi Arabia

Qatar, Oman, and Bahrain are expect to grow at 3-4 percent per year through 2022. It would be the best thing these countries have seen in several years if realized. “Despite relatively tight fiscal policy and some external headwinds, we expect the GCC economies to see faster growth in 2022 as they build on last year’s progress,” Khatija Haque said.

“While the outlook for 2022 remains broadly positive, there is still a high level of uncertainty, particularly regarding the evolution of the coronavirus pandemic.” As the global economy struggles to deal with the prospect of persistent inflation, the region’s price outlook was modest but varied.

Inflation is expect to remain between 2.0% and 2.80% this year, with the UAE, Saudi Arabia. And Oman having the lowest readings at 2.0% and Qatar having the highest at 2.80%. Saudi Arabia, the world’s largest crude oil exporter. And the region’s economic and political powerhouse, will experience 5.7% economic growth this year. It would be the fastest growth since 2012 when oil averaged around $111 per barrel.

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

Continue Reading

Business

Elon Musk’s reaction to Twitter’s new NFT feature

Published

on

Elon Musk

Elon Musk, a crypto enthusiast, sends a three-word tweet in response to Twitter’s new NFT feature.

Elon Musk’s reaction has stated that a new Twitter feature allows premium users to display their non-fungible token (NFT) acquisitions as their profile picture is irritating. Instead, the social media giant should focus its resources on removing crypto fraudsters from the platform.

Elon Musk’s reaction, a billionaire and long-time crypto enthusiast, expressed his displeasure with a new Twitter feature. That allows premium users to display their non-fungible token (NFT) remarked as their profile picture. Elon Musk commented on Twitter’s new feature for Twitter Blue users, saying, “this is annoying,” and attaching a screenshot of the announcement. Musk went on to say that the social media behemoth is not making good use of its resources.

In choice countries such as the US and Canada, Twitter launched a new feature last week that allows some users to display. Their NFT purchases a token representing blockchain purchases in the form of a hexagonal-shaped profile picture rather than the usual circle-shaped picture.

 

“Twitter is wasting engineering resources on this nonsense while crypto scammers throw a spambot block party in every thread!”

Musk wrote in a tweet last week, expanding on his point of view. Musk, a big supporter of cryptocurrencies in general, including the meme-based DogeCoin. Expressed his displeasure with the Web3 world, pointing out that resources should instead be spent avoiding crypto-related spam on social media.

Elon Musk response to Twitter

Elon Musk response to Twitter

To clarify, Tesla Inc and SpaceX CEO Elon Musk previously stated. That he would abide Bitcoin as payment for Tesla vehicles. Still, they later reversed his decision, citing environmental concerns about the crypto asset. However, later in December, he stated that Tesla would allow customers to purchase some merchandise using Dogecoin, another crypto asset.

“Elon is correct on this one. “Twitter’s product team needs to prioritize what’s important for user experience,” Adam Singer. A former Google VP of Marketing, said in a tweet supporting Musk. Others agreed with him, including Michael Saylor, CEO of another publicly-traded company in the United States, MicroStrategy. Who suggested that Twitter could solve the problem of scammers and spambots by allowing users to purchase a premium account.

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

Continue Reading

Business

Will Oil Prices touch triple Digits in 2022? If it reaches what will the effect on growing nations.

Published

on

Oil slipped towards $84 a barrel, the first weekly loss in about two months.

The Crude has been hovering around $88 per barrel since the last 2021 ending. Can we see Oil Prices touch triple digits in 2022? If it goes there, what will impact growing nations like India and all?

oil price per barrel near 88

Market sentiments in the oil market are upbeat. Demand may rise as omicron’s fear is getting lesser with time. Now the question is will we see oil prices touch triple digits in 2022.

Last year from November 2022, we have to see the Global benchmark brent crude jump by 25%. It is around $88 per barrel from November 2022. Market analysts suggest demand will grow. Omicron’s fear is getting lesser now, which will spark demand, and Oil prices may increase in 2022.

However, prices fell towards the end of the year as new variants emerged, and conditions were placed again in several nations to contain the Omicron variant’s spread. Prices began rising at the close of the year, gaining permission from the record highs achieved in financial market indicators. Gains were supported by the reopening of economizing and anticipated faster economic development in the near term.

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

Continue Reading

Trending

Copyright © 2021 Arab Market News