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Gold Prices drops in Dubai, and US Dollar strengthens.

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gold price Dubai 2021

Federal Reserve’s requirements for boosting interest rates could be met by the end of 2022. As a result, gold Prices drops in Dubai. Read more about it in detail.

gold price dubai uae

gold price dubai uae

Today’s Gold price in Dubai:

Gold prices drop in Dubai and worldwide as the US dollar recovered on Tuesday morning, October 5 2021. Spot gold fell 0.43 per cent to $1,760.15 per ounce by 9.16 am UAE time, after hitting $1,770.40, its highest since September 20, on Monday. In the UAE, 24K began at Dh213.0 per gram on Tuesday morning, October 5 2021. While 22K was exchanging at Dh200.25, 21K at Dh191.0 and 18K at Dh163.75 per gram. Gold Prices drops in Dubai.

2022 Gold price expectation in Dubai:

The end-2022 could match the US Federal Reserve’s conditions for increasing interest rates. Cleveland Fed Bank President Loretta Mester said on Friday that she expects Inflation to come back in 2022. As a result, it will change and down to the central bank’s target next year.

Naeem Aslam:

The chief market examiner at Ava Trade said it might be a year or longer ere the central bank’s employment goal is met to provide for an actual percentage rate increase. Also read about best three teachers of Abu Dhabi UAE.

Gold rate and Inflation:

“Gold is traditionally seen as an inflation hurdle. However, decreased central bank incentives and interest rate trips tend to push Govt bond yields up. In turn, turning into a tremendous chance cost for gold that pays no interest. Demand for solid gold also picked up in top consumer China last week, and there was enhanced action in other Asian hubs including Singapore,” said Aslam.

Gold rate fluctuations:

Gold rates are going to fluctuate more in 2021 ended in 2022. Still, nations worldwide are coming out from Pandemic. So things like Inflation, jobs, and internal conditions of many nations will decide the demand for Gold and the prices of gold. All the eyes will be in Dubai who is close to Gold deals.

 

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Digital currencies Bitcoin, Ethereum, Dogecoin’s ongoing downfall continues.

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Digital currencies 2022

After touching a sky-high of $68990.90 in 2021 Crypto and other Digital currencies Bitcoin, Ethereum continues to go in another direction. 

cryptocurrency

cryptocurrency

Digital currencies Bitcoin and all are having a tough time moving positive side from past few weeks. After touching record, high Bitcoin is constantly falling in downside. 

The biggest Crypto has fallen by 1%, which is not a small margin for any investor. Currently, it is moving around $42000 level. Bitcoin’s other digital assets like Ethereum and Dogecoin are also falling down from their high. 

Digital currencies 2022

Digital currencies 2022

Also read about Chamath Palihapitiya Billionaire view on China’s abuses on Uyghurs.

Upperside expected:

All the investors who are into this business are still optimistic. Despite ongoing volatility, they feel digital currencies will see a new high in 2022. But in reality, if you see Crypto has fallen by 30% from the top. 

Use of digital currencies worldwide:

On the other side use of digital currencies is growing in many countries. It is a good sign now people believe in these currencies. From Germany to the U.K. and the U.S., every nation’s residents use this currency and are bullish about the positive future. 

More than 75% are keen to buy crypto products worldwide. So in the next 12 months, we can expect much more highs in this field. Investors who have already invested can remain in the market for a longer time. More joys to come in 2022, say experts. 

Investing approach has changed with Crypto coming into existence. People want something new in the market. So we can expect digital currencies to grow more in 2022. 

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Chamath Palihapitiya Billionaire feels it’s disappointing ‘no one cares about Uyghurs in China.’

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Chamath Palihapitiya Billionaire

In his recent Podcast, Chamath Palihapitiya Billionaire investor, talked about abuses happening with Uyghurs in China. It’s sad no one in the world is damn caring about what’s happening with the Uyghurs community in China. 

Torcher happening with Uyghurs and other Muslim minorities is sad. It is forced labor work and mass torching of communities that are not Chinese. Said Chamath Palihapitiya Billionaire investor.

Chamath said he is concerned about the supply chain, climate change, and Health system of America. China taking over Taiwan and Uyghurs facing problems is also a big concern. 

Billionaire investor Chamath Palihapitiya began a backlash on social media after speaking during a recent outbreak of his podcast that “nobody cares” about the ongoing human rights vitriols against the Uyghurs in China.

90 minute podcast of Chamath Palihapitiya investor:

In his 90-minute episode, Palihapitiya told co-host, Jason Calacanis, on their “All-In” podcast that he would be fibbing if he said he oversaw the Uyghurs, an ethnic Muslim minority in China’s northwest province of Xinjiang.

Every time I say that I care about the Uyghurs, I’m just lying if I don’t care. And so, I’d rather not lie to you and tell you the truth; it’s not a focus for me,” said Palihapitiya, a happening capitalist who owns 10% of the NBA team, the Golden State Warriors. From BBC.

Chamath Palihapitiya A Refugee:

Chamath also said as a refugee, my family flew a nation with its own set of human rights problems. So this is something that is very much a piece of my lived background,” said Palihapitiya, who was born in Sri Lanka. To be precise, my view is that human rights matter, whether in China, the US, or elsewhere. 

White house on human crimes in China:

The White House told a diplomatic boycott of the 2022 Winter Olympics in Beijing, citing “ongoing genocide and offenses against humanity in Xinjiang and other human liberties abuses.” This was in last month, December 2021. 

UN bureaucrats have earlier voiced worry over Beijing’s extreme measures of stopping those who condemn the Chinese Communist Party.

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In 2022, the UAE startup sector’s growth will be unstoppable

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UAE startup sector's growth

Despite the pandemic impact, In 2022 the UAE startup sector’s trajectory is unstoppable. As the industry has maintained its top position in terms of funding and deals in 2021.

The inaugural Magnitt Emerging Venture Markets Report reveals venture capitalists’ (VCs’) rush into emerging venture markets (EVMs) for growth. Magnitt’s new report includes EVMs from the Middle East, Africa, Pakistan, and Turkey.

“2021 has been more than just a record-breaking year for VCs; rather, it has been a defining year,” said Philip Bahoshy. CEO and founder of Magnitt, the leading data platform covering Venture Capital in Emerging Venture Markets.

The report reveals unprecedented regional and global investor participation across markets, a new record of funding in Emerging Venture Markets exceeding $6 billion. And the fact that fintech is the leading industry amid exceptional growth in T&L and e-commerce.

The UAE-based startups maintained their first-place ranking by raising $1.2 billion in 155 transactions. Meanwhile, Saudi Arabia surpassed Egypt to take second place in funding in 2021, after VC investment in the country increased by 270% year on year.

The Mena region saw $2.6 billion in VC funding in 2021. The highest amount is ever seen in the region, with 590 transactions and 35 startups announcing exits.

This scalability has resulted in regional players, which have emerged organically through expansion or inorganically through cross-market acquisition. Success stories demonstrating the latter include Nigerian HealthTech Helium Health acquiring Qatari Meddy. UAE-based Trukker acquiring Pakistan-based Trucksher, and UAE-based Fenix acquiring its Turkish counterpart Palm,” added Bahoshy.

UAE startup sector's growth

UAE startup sector’s growth

Scale is the name of the game, or without a doubt, a big prediction for 2022 will be more companies expanding across geographical borders. In light of this, what excites us the most at Magnitt is ensuring the information transparency required to break down these silos and detail the landscapes of previously opaque markets.”

“2021 has been an extraordinary year for the region’s venture capital industry,” said Basil Moftah, General Partner, Global Ventures. Mena’s ecosystem was in overdrive this year, with fundraising and deal-making at an all-time high. Whether it’s record-breaking funding, growing appetites for later-stage transactions, the increasing occurrence of diverse deal types (from M&A to venture debt), or an increase in the number of mega-rounds, the region is signaling maturity.

Underpinning these quantitative metrics is a pool of increasingly sophisticated entrepreneurs. Who are building world-class tech solutions and demonstrating year after year that some of the most exciting opportunities of tomorrow will come from emerging markets.”

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