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Dubai: Gold price drops Dh1 per gram; 24K trades at Dh215 5

Gold falls as Fed minutes boost US dollar

Gold prices fell on Thursday, as dollar strengthened after US Federal Reserve's policy meeting minutes showed that its officials were largely on board to start easing bond purchases this year. Spot gold fell 0.7% to $1,774.41 per ounce by 0315 GMT, heading for its biggest one-day percentage decline since Aug. 9. US gold futures fell 0.2% to $1,781.60. The dollar index scaled

Oil steadies, Delta outbreaks cloud demand prospects

Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging Covid-19 cases worldwide. After flitting around Tuesday's close in Asian morning trade, Brent crude was up 23 cents or 0.3 per cent at $69.26 a barrel by 0512 GMT.

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