DUBAI GOLD PRICES RISE AMID US FED RATE HIKE UNCERTAINTY

What happened: Dubai gold prices edged higher on Monday as traders reduced bets on a US Federal Reserve rate hike later this month, following remarks by Chair Kevin Warsh. Key numbers: 24-karat Dh504.25 per gram, 22-karat Dh467, 14-karat Dh299.25. UAE prices up about Dh2-Dh3 per gram. Rate hike odds below 20%. Why it matters: Warsh's remarks stalled the dollar rally and pared hike expectations, supporting gold, which struggles when borrowing costs rise. Traders still see a strong chance of another rate hike before year-end, so pressure on bullion is likely to persist near term.

Dubai gold prices rise amid US Fed rate hike uncertainty.

Dubai gold prices rise amid US Fed rate hike uncertainty. — impact context not separately stored; see What changed.