UAE: Gold prices dipped to Dh2 per gram in Dubai

Gold prices dipped on Monday morning to their lowest in more than two weeks, as bets for an increasingly aggressive and hawkish US Federal Reserve approach to tightening monetary policy boosted the dollar and pressured demand for bullion.

Spot gold was down 0.83 per cent at $1,916.99 per ounce, as of 9.15 am UAE time. The yellow metal price fell Dh2 per gram at the opening of the market on Monday.

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