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Gold heads for biggest monthly drop in more than 17 years

Gold is typically seen as a hedge against inflation and geopolitical risks, but the conflict-driven surge in energy costs is also raising expectations

Reuters
Reuters

31 March, 2026

Gold heads for biggest monthly drop in more than 17 years

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Gold rose on Tuesday but stayed on track for its biggest monthly drop in more than 17 years as investors flocked to the dollar as the favoured safe haven amid the Middle East conflict that has raised inflation fears and bets for hawkish monetary policy response.

Spot gold 0.9 per cent to $4,550.68 per ounce by 0727 GMT. US gold futures for April delivery gained 0.5 per cent to $4,580.70.

Bullion has declined more than 13 per cent this month, putting it on track for its steepest decline since October 2008. Prices are, however, up about 5 per cent for the quarter, having scaled a record high of $5,594.82 on January 29. Prices are down 18.70 per cent from record highs.

Read more-Gold climbs more than 2% on softer dollar, easing fears of higher interest rates

“Traders are still seeing gold through the lens of a value investment at these levels, given where the precious metal was trading just a few months ago. So, it’s a combination of falling oil, a dip in the dollar and attractive buying levels, which has propelled gold higher today,” said Tim Waterer, chief market analyst, KCM Trade.

Gold is typically seen as a hedge against inflation and geopolitical risks, but the conflict-driven surge in energy costs is also raising expectations for higher interest rates and boosting the dollar’s appeal as the preferred safe haven.

The dollar was headed for its biggest monthly gain since July, making it as the strongest safe asset, supported by the US status as an energy exporter and investors’ flight to cash over the past month of conflict.

Traders have almost completely priced out any chance of a US rate cut this year from about two cuts expected before the war.

“If the Strait of Hormuz remains closed, oil prices could remain volatile with potential for further upside on supply constraints. So, this high oil story, which has plagued gold prices since the conflict began, hasn’t gone away yet,” Waterer said.

Goldman Sachs, however, said it continues to expect gold prices will reach $5,400 per troy ounce by end‑2026 on central bank diversification and Federal Reserve easing.

Among other metals, spot silver rose 2.7 per cent to $71.89 per ounce, spot platinum gained 1 per cent to $1,917.49, and palladium was up 1.5 per cent at $1,427. All three metals were down about 20 per cent each so far in March.

Here’s how many lost items Dubai Police returned in 2025

The Lost and Found Department operates using an advanced smart system that matches reports of missing items with recovered property

Gulf Business
Gulf Business

31 March, 2026

Here’s how many lost items Dubai Police returned in 2025

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Article Summary
In 2025, Dubai Police returned 171,490 lost items using an advanced smart system and public cooperation. The Lost and Found Department handled 868,110 items, receiving reports via stations, centres, and online. Residents are urged to report lost items and vehicle plates through official channels. Emirates Post delivers recovered number plates.

Dubai Police have returned 171,490 lost items to their rightful owners in 2025, reinforcing their commitment to proactive policing and enhancing quality of life across the emirate.

According to a Dubai Police media report, the General Department of Criminal Investigation, represented by the Lost and Found Department, handled a total of 868,110 found items over the past year. During the same period, authorities received 159,962 reports of lost belongings through police stations, approved drop-off points such as shopping centres, and Smart Police Stations (SPS).

Read more-Dubai Police, Kuwait foil drug smuggling bid, seize 14 million Captagon pills

Officials said the achievement reflects strong collaboration between law enforcement and the public. “Community members play a vital role in handing in lost items, helping us ensure their swift return,” Dubai Police noted, highlighting values of honesty, responsibility, and cooperation.

The Lost and Found Department operates using an advanced smart system that matches reports of missing items with recovered property. Supported by specialised teams working around the clock, the system enables accurate tracking and rapid communication with owners.

Round-the-clock service enhances efficiency

Authorities emphasised that the department offers multiple service channels, including direct communication with owners and flexible collection options. “These integrated services contribute to high levels of customer satisfaction and strengthen public confidence in police operations,” officials said.

Dubai Police urged residents to use official channels when reporting or handing in lost items, stressing that public cooperation remains essential to safeguarding property and ensuring prompt returns.

Vehicle plate losses prompt safety reminder

In light of recent rainfall and changing weather conditions, Dubai Police also issued a reminder regarding lost vehicle number plates. Residents are encouraged to report missing plates immediately by calling 901 or visiting the nearest police station.

Specialised teams respond swiftly to such reports and notify vehicle owners once plates are recovered. If owners are unable to collect them in person, delivery can be arranged through Emirates Post, offering added convenience.

Officials said these efforts align with Dubai’s broader vision of smart governance and seamless public services.

AI replicates key particle physics discoveries, say UAE researchers

Among the findings, the AI rediscovered core symmetries such as baryon number, isospin and charm, as well as the Eightfold Way, which groups particles into structured families

Rajiv Pillai
Rajiv Pillai

31 March, 2026

AI replicates key particle physics discoveries, say UAE researchers
Image: Supplied

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Article Summary
NYU Abu Dhabi researchers have shown AI can independently rediscover key particle physics principles. Trained on historical data, the system identified fundamental symmetries and patterns, mirroring decades of physics research leading to the Standard Model. This demonstrates AI's potential to accelerate scientific discovery by uncovering hidden physical laws and phenomena, potentially identifying new particles.

NYU Abu Dhabi researchers have demonstrated that artificial intelligence can independently rediscover key principles of particle physics, highlighting its potential to accelerate scientific discovery.

The study, published in the Journal of High Energy Physics (JHEP), shows that relatively simple AI models can identify patterns that took physicists decades to uncover during the development of the Standard Model — the theory describing the fundamental particles and forces of nature.

The research team — Aya Abdelhaq, Pellegrino Piantadosi and Fernando Quevedo — trained the AI system on historical experimental data from particle discoveries in the 1950s and 1960s. Without prior knowledge of the mathematical frameworks used by physicists, the system was able to identify underlying structures governing particle behaviour.

Among the findings, the AI rediscovered core symmetries such as baryon number, isospin and charm, as well as the Eightfold Way, which groups particles into structured families. It also reproduced Regge trajectories, which describe relationships between a particle’s mass and spin.

The results mirror decades of theoretical and experimental work that led to the development of the Standard Model, including breakthroughs such as the discovery of quarks — the fundamental building blocks of protons and neutrons.

“This study shows that AI can uncover deep physical laws directly from data, opening the door to discovering new particles and patterns that humans may have missed,” said Pellegrino Piantadosi, NYU Abu Dhabi postdoctoral associate and one of the paper’s authors.

The findings suggest that AI could play a growing role in scientific research by identifying hidden patterns and accelerating the discovery of new physical phenomena.

Read: UAE researchers uncover new solar waves deep inside the Sun

Dubai RTA launches autonomous taxis: Here’s where you can ride them

The initiative is being implemented in partnership with Apollo Go and WeRide (Nasdaq: WRD), both globally recognised leaders in autonomous driving technologies

Gulf Business
Gulf Business

31 March, 2026

Dubai RTA launches autonomous taxis: Here’s where you can ride them

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Article Summary
Dubai's RTA has launched autonomous taxi services in Umm Suqeim and Jumeirah, partnering with Apollo Go and WeRide. Residents can book rides via Uber or the Apollo Go app. Tawasul Transport manages the WeRide fleet, while Dubai Taxi Company supports Apollo Go.

Dubai’s Roads and Transport Authority (RTA) has officially launched the commercial operations of autonomous taxis in Umm Suqeim and Jumeirah, marking a major milestone in the emirate’s push toward smart mobility.

The initiative is being implemented in partnership with Apollo Go and WeRide (Nasdaq: WRD), both globally recognised leaders in autonomous driving technologies, a WAM report said.

Read more-UAE begins mapping air corridors for air taxis, cargo drones

WeRide vehicles are now accessible to the public via the Uber app, while Tawasul Transport oversees fleet management and daily operations. Meanwhile, Apollo Go, a subsidiary of Baidu, is offering its services through the Apollo Go app, working alongside Dubai Taxi Company to support local operations.

Smart mobility vision in action

The rollout reflects Dubai’s broader strategy to adopt cutting-edge transport solutions and translate ambitious mobility goals into tangible, real-world initiatives.

Officials say the move strengthens Dubai’s position as a global hub for autonomous driving innovation, supported by advanced infrastructure, a clear strategic roadmap, and highly developed smart systems.

“This milestone reflects our commitment to shaping the future of mobility,” the RTA said in a statement, underscoring the importance of innovation in public transport.

The initiative also aligns with the Dubai Self-Driving Transport Strategy, which aims to transform a significant portion of journeys in the city into autonomous trips in the coming years.

Residents and visitors in Umm Suqeim and Jumeirah, two of Dubai’s most vibrant coastal neighbourhoods, can now book autonomous rides seamlessly through either the Uber app or the Apollo Go app.

The first phase of deployment includes 100 autonomous taxis integrated into Dubai’s transport network. Authorities have confirmed that the fleet will gradually expand in response to rising demand and continued technological advancements.

High safety standards and advanced technology

Prior to the launch, the autonomous vehicles underwent extensive operational trials across designated roads in Dubai. These tests were designed to evaluate system performance and ensure readiness under real traffic conditions, adhering to the highest safety standards.

The vehicles operate using an advanced ecosystem powered by artificial intelligence, high-definition mapping, and deep learning algorithms. This enables real-time decision-making and smooth navigation through complex urban environments.

Autonomous taxis are capable of interacting safely with dynamic traffic scenarios, including intersections, traffic signals, pedestrians, and surrounding vehicles — all while fully complying with road regulations.

According to officials, the system is backed by significant global experience, with fleets collectively logging over 150 million kilometres of safe driving and completing more than 10 million autonomous trips worldwide.

“This proven track record has been instrumental in developing scalable and reliable solutions for commercial deployment,” the statement added.

UAE fuel prices rise in April: Petrol and diesel rates jump sharply

The UAE adjusts fuel prices monthly in line with international oil benchmarks

Nida Sohail
Nida Sohail

31 March, 2026

UAE fuel prices rise in April: Petrol and diesel rates jump sharply

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Article Summary
UAE fuel prices are increasing sharply in April 2026, affecting all petrol and diesel categories. Super 98 will cost Dhs3.39 per litre, Special 95 Dhs3.28, and E-Plus 91 Dhs3.20. Diesel sees the biggest rise, to Dhs4.69. These significant month-on-month increases reflect pressures in global energy markets, with domestic prices tracking international benchmarks.

Fuel prices in the UAE are set to rise significantly in April 2026, with sharp increases across all petrol categories and diesel.

According to figures reported by Al Bayan, the revised rates will come into effect from April 1.

  • Super 98 petrol will increase to Dhs3.39 per litre, up from Dhs2.59 in March.
  • Special 95 petrol will rise to Dhs3.28 per litre, compared to Dhs2.48 previously.
  • E-Plus 91 petrol will cost Dhs3.20 per litre, up from Dhs2.40.
  • Diesel has recorded the steepest jump, climbing to Dhs4.69 per litre from Dhs2.72 in March.

The increases mark a sharp month-on-month rise in fuel costs, reflecting heightened pressures in global energy markets.

The UAE adjusts fuel prices monthly in line with international oil benchmarks, meaning domestic rates typically track global supply and demand dynamics.

Celestyal cancels April sailings citing Middle East situation

The cruise line continues to monitor the situation closely and will resume movement of its vessels when conditions allow

Gulf Business
Gulf Business

31 March, 2026

Celestyal cancels April sailings citing Middle East situation
Image: Supplied

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Article Summary
Celestyal has cancelled all April 2026 Arabian Gulf cruises due to regional instability and is repositioning its fleet to Athens. The vessels are operational, with passengers safely disembarked. Affected customers will receive refunds or future cruise credit. Operations are expected to resume in May with Greek Islands itineraries, pending safety assessments.

Celestyal has confirmed the cancellation of all April 2026 departures as its ships wait to reposition to Athens, Greece.

The line’s fleet is currently positioned in the Arabian Gulf, with Celestyal Discovery in Dubai, UAE, and Celestyal Journey in Doha, Qatar. All guests and non-operational crew have been disembarked, while both vessels remain fully operational; their departure from the region will take place in accordance with safety guidance from the relevant authorities.

Due to the ongoing situation in the Middle East, all sailings scheduled for April 2026 have been cancelled.

The next planned departures are:

  • Celestyal Discovery – May 1, 2026 (3-night Iconic Greek Islands)
  • Celestyal Journey – May 2, 2026 (7-night Heavenly Greece, Italy and Croatia)

Lee Haslett, chief commercial officer at Celestyal, said: “Our priority remains the safety and confidence of our guests, crew and partners. While we know this will be disappointing, taking this decision now provides greater clarity and flexibility for those affected.

“Our teams are working closely with guests and travel partners to support rebooking options and ensure a smooth transition, and we remain focused on returning to service in the Mediterranean as soon as it is safe to do so.”

All impacted guests have been offered a full refund or a future cruise credit, and will be supported by Celestyal’s teams, who will provide rebooking options and assistance.

The cruise line continues to monitor the situation closely and will resume movement of its vessels when conditions allow. Preparations are already under way for the return to service, with sailings set to resume from May 2026.

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