gold prices UAE

Efforts to end the Iran conflict were at an impasse, with US President Donald Trump unhappy with the latest proposal from Tehran, and urging Iran to ‘get smart soon’ and sign a deal

Dealers quoted discounts of up to $8 an ounce and premiums of $2 an ounce over official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies

Spot gold declined 6.3 per cent to $4,203.21 per ounce by 0757 GMT, extending losses into a ninth straight session.

Trump’s tariff policies could flare up inflation, slow economic growth and escalate trade disputes