Dubai gold price cooling again after a wild start to month

UAE retail prices continue to track global sentiment

- BY NIVETHA DAYANAND Assistant Business Editor

Dubai's gold market has spent the month moving within a relatively tight band, even as global bullion prices swung on shifting expectations around US mon-

etary policy. Retail rates for 24K in the UAE opened November at Dh482.25 a gram and have largely oscillated in a Dh475 to Dh505 range.

The lowest point came on November 4 when 24K fell to Dh475.25, reflecting a brief dip in international prices and a stronger dollar.