Money & BusinessUAE
Further escalation of Russo-Ukraine crisis can increase bullion prices
The 24K gold price is expected to touch Dh245 per gram in the coming week as investors have turned risk-averse fearing further escalation in Russia-Ukraine military conflict.
The yellow metal closed at $,1970.67 on Friday, up 1.67 per cent. In the UAE, 24K was trading at Dh239.0 per gram on Sunday. Among the other variants of the precious metal, 22K opened atDh224.5 per gram, 21K at Dh214.25 and 18K at Dh183.5.
Commodity analysts said if risk-aversion remains strong due to European conflict, then a $2,000 level can be achieved this month.
