Bullion

Markets remain focused on the Fed’s policy outlook after the US central bank delivered a 25-basis-point rate cut last week in a rare split decision

As gold prices rose by 27 per cent last year, demand for gold jewellery in the UAE fell by around 13 per cent

Spot gold was down 0.3 per cent at $3,027.90 an ounce as of 0331 GMT, after dropping over 1 per cent earlier in the session to its lowest