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Gold Price in Dubai opens a bit higher: Know the latest price of Gold in Dubai.

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24k Gold Price opens at Dh216.5 per Gram in Dubai. Gold Price in Dubai opens bit higher on the first day of the week.

Spot gold Dubai:

We show a rise of 0.2% to $1,786.73 per ounce at 9.10 am UAE time in Spot Gold Dubai. Gold price in Dubai December 2021 crawled higher on Monday morning. Due to elevated US consumer prices raising its appeal as an inflation hedge. This week, investors awaited a storm of central bank meetings, including the US Federal Reserve, for additional direction.

Spot gold in DUBAI rises to 0.2 percent to $1,786.73 per ounce at 9.10 am UAE time.

In the UAE, gold prices rose in line with the international rates. The Dubai Gold and Jewellery Group data displayed 24K opening at Dh216.5 per gram on Monday 13th Dec 2021 morning as against Dh216.0 close on Friday. The yellow metal, 22K opened at Dh203.25 per gram, 21K at Dh194.0 and 18K at Dh166.25.

The US Federal Reserve:

It is widely predicted to signal a more rapid tapering of asset buying this week and thus an earlier start to rate hikes.

Analysts said the Gold price action continues to disillusion. It cannot rally on either a weaker or stronger US dollar, elevated or lessened risk sentiment, or higher or lower US yields.

Naeem Aslam, the chief market analyst at Ava Trade Dubai:

The US Treasury yields are resuming their upward rotation as Omicron is likely to have little impact on the American economy. The Federal Reserve will be carrying on with its plan to run up its pace of tapering, which will mean a more rapid rise in interest rates starting next year. When interest rates bounce, the chance cost of holding the gold rises, making gold less appealing for investors.

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

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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 accept 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.

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

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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.

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EXPO 2020 Dubai changing luck of Pakistan. Billions of Investment in Khyber Pakhtunkhwa.

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valley in khyber pakhtun pakistan

At last, some good news is coming for Khyber Pakhtunkhwa. They will see growth in their region. EXPO 2020 Dubai changing luck of Pakistan.

khyber Pakhtun pakistan

khyber Pakhtun pakistan

 

As per the latest news, more than 40+ deals have been made for the Khyber Pakhtun region of Pakistan. That place of Pakistan is a fantastic location, and tourism investors can earn a lot from it. So we can say that EXPO 2020 Dubai changing  luck of Pakistan. 

Investment in Pakistan:

More than $8 Billion investment in the Khyber Pakhtun area and Pakistan will boost Pakistan’s economy. This nation has passed through many ups and down over the past few decades. It’s high time for some good investment to change the fortunes of new generation Pakistanis. Dubai EXPO is where they are getting a deserving response from investors worldwide. The first location which everyone loves is Khyber Phaktun. 

Khyber Pakhtunkhwa of Pakistan:

With this investment, Khyber Pakhtunkhwa (KPK) will become the next business hub of Pakistan. Many don’t know that it is the third-largest Pakistani province in population. All the people in this region will be happy with this great news. Every Pakistani will be satisfied with this great news. Pakistan is a nation that needs to improve in many departments. Their name has been deemed due to many reasons. The main thing is terror groups. With this kind of investment in Pakistan, people’s trust will come back in Pakistan. But here, Pakistanis have to ensure that no new problem stops their projects in Pakhtun’s area. 

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