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Gold prices in the UAE hit AED 384.46 per gram, driven by global tensions and economic uncertainties.
Gold prices in the UAE have risen, reaching AED 384.46 per gram, due to geopolitical tensions and economic uncertainties.
The surge is also influenced by the US Dollar's weakness and upcoming Federal Reserve decisions.
The UAE, a major player in global gold trade, sees its demand primarily driven by jewelry purchases, with imports valued at $20 billion in 2019.
Gold prices climbed further in Dubai to 392.50 Dirham per gram, reflecting a 0.7% increase in spot gold prices.
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Los precios del oro en los Emiratos Árabes Unidos alcanzaron los 384.46 AED por gramo, impulsados por las tensiones globales y la incertidumbre económica.