With support from Sheikha Fatima, UAE to restore Umayyad Mosque in Damascus
Mother of the Nation Endowment for Orphans’ initiative raises AED3.3bn during Ramadan; launches AED1 bn ‘Mother of the Nation City’ project
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
Gold Drops to More-Than-Three-Week Low Amid Recession Fears, Mounting Trade WarSingapore, 7 Apr (ONA) — Gold prices today dropped to their
lowest levels in more than three weeks, amid a widespread wave of
selling by investors seeking to cover losses in other markets, amid
growing fears of a global economic recession due to escalating trade
tensions.
Spot gold fell 0.1 percent to $3,034.02 per ounce, after falling
more than 1 percent earlier in the session, recording its lowest
level since 13 March 2025.
Conversely, US gold futures rose 0.5 percent to $3,051.00 per ounce.
As for other precious metals, spot silver rose 2 percent to $30.13
per ounce, after hitting its lowest level in nearly seven months.
Platinum also rose 1 percent to $926.06, while palladium gained
nearly 1 percent to $919.50. — Ends/Khalid
