Gold

Major banks such as Goldman Sachs and HSBC now expect the Fed to raise interest rates by 25-basis-points at its policy meeting on Tuesday and Wednesday

Unlike many digital gold offerings, Sav said every transaction is linked to physical bullion stored in secure UAE vaults

Prices were headed for a fourth straight session of decline and remained below the 200-day moving average, a closely watched technical level

The answer from market experts is increasingly leaning toward yes, but with a clear investment strategy rather than short-term speculation

Oil prices tumbled more than 6 per cent on Monday, raising hopes of a diplomatic solution to de-escalate the conflict surrounding the Strait of Hormuz

The precious metal recorded more than 12 all-time highs during the first half of the year, peaking at a record $5,405/oz in late January before retreating sharply to a low

Elevated oil prices stoke inflation concerns and raise expectations of higher interest rates. Gold tends to lose appeal when rates are high, as it does not yield interest.

Spot gold was down 1.7 per cent at $4,191.84 per ounce by 0747 GMT, after hitting its lowest level since March 23. US gold futures for August delivery shed 1.6 per cent to $4,215.60

Spot gold was down 0.3 per cent at $4,521.25 per ounce, as of 0520 GMT, after hitting a two-week high in the previous session

According to Commercial Bank of Dubai’s recent market analysis gold and silver diverging as commodities enter a more selective phase, while diamonds continue to show an uneven recovery across segments.