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Gold prices Dubai today: Rates in UAE stuck near 5-month lows

Gold prices in the UAE remained close to 5-month lows on Monday. The 24K gold was trading at AED 229.00 per gram. In global markets, gold was subdued near five-month lows, ahead of a gathering of central bankers at Jackson Hole, Wyoming. The US dollar index, which recorded five weeks of gains helped by rising bond yields, was flat. However, buying was seen at the lower levels as some investors still believe that rates may stay higher for longer despite upbeat economic data. ....

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