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Bookseller lends out teddy bears across Paris
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Asian, European stocks surge on US Federal Reserve decision
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UAE announces 2,101 new COVID-19 cases
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Gold prices rise on likelihood of high inflation
17 Mar 2021
Gulf Today Report
Gold prices rose on Wednesday on possibilities of higher inflation, although investors are being cautious as they await US Federal Reserve’s policy meeting outcome.
Spot gold was up 0.2% at $1,734.00 per ounce by 03:10 GMT while US gold futures were up 0.1% to $1,731.90.
OANDA senior market analyst Jeffrey Halley said gold appears to be finding few friends finally even as US yields and the dollar continue to grind higher . perhaps gold s inflation hedging role is quietly returning to prominence and that is supporting prices.
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Amazon to produce Bollywood film
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