UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Gold Prices Decline After Hitting Record HighsSingapore, 9 Oct (ONA) – Gold eased today as investors booked profits a day after bullion breached the crucial $4,000-per-ounce level to hit a record high on economic and geopolitical uncertainties and hopes of additional US interest rate cuts. Spot gold fell 0.4% to $4,021.99 per ounce, after hitting a record high of $4,059.05 on Wednesday. US gold futures for December delivery fell 0.7% to $4,042.60. Gold has climbed 54% year-to-date on strong central bank buying, increased demand for gold-backed Exchange-Traded Fund (ETFs), and growing interest from retail investors seeking a hedge amid rising trade and geopolitical tensions. Elsewhere, spot silver added 0.1% to $48.91 per ounce, after hitting an all-time high of $49.57 on Wednesday. Platinum slipped 0.7% to $1,650.60 and palladium dropped 1% to $1,435.25. —Ends/AG
