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 Hits All-Time HighSingapore, 19 Mar (ONA) —- Gold prices today rose to hit a record high supported by safe-haven demand spurred by geopolitical
tensions and tariff uncertainty, while traders awaited the US Federal
Reserve’s policy decision.
Bullion reached an all-time high of US$3,035.12 per ounce on
Tuesday.
US gold futures rose 0.1 % to US$3,042.20.
Gold, historically considered a hedge against geopolitical and
economic uncertainties, has gained over 15 % year-to-date.
Meanwhile, the Fed, which will conclude its two-day policy
meeting later in the day, is expected to hold its benchmark interest
rate steady in the 4.25 to 4.5 %.
Spot silver fell 0.2 % to US$33.97 an ounce, platinum lost 0.4%
to US$992.85 and palladium eased 0.1 % to US$966.24.—— Ends/Khalid
