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Dubai: The short-term outlook for gold prices has grown increasingly positive with prices currently hovering near the $1,800 (Dh6,611) levels, which transalates to around Dh215.25 for 24 carat gold in the UAE. Prices may occasionally drop to $1,750 (Dh6,428) - or the Dh190s range every now then - but, that is the case only for now. Analysis shows that in the next couple of months, prices are expected to go even further upwards (beyond the current $1,800-level), considering the external factors that keep a lid on prices have eased in recent days. So while buyers should make use of the current levels before the yellow metal gets more expensive, the short and long term price trends are not good news for buyers. However, for those invested in the metal and looking to sell and pocket a profit, these price trends are beneficial. ....
BD 2.3 million worth of gold jewelry Picture used for illustrative purposes Image Credit: Ahmed Ramzan/Gulf News Dubai: Three expatriate residents in Bahrain have been arrested for stealing BD 2.3 million worth of gold jewellery in Juffair neighbourhood in Bahraini capital Manama, local media reported. The suspects, aged 34 to 45 years, were tracked down by the Criminal Investigation Police. The Criminal Investigation Department revealed that one of the suspects broke into a residential building while his two accomplices were outside to monitor the movement of passers-by and communicate with him to help him complete the robbery. The suspects were referred to the public prosecution and remanded in custody for further investigation ....