24K #gold is now Dh14.50 cheaper than its peak in the wake of #DonaldTrump's victory.
#Dubai: The precious metal has broken the closely watched $1,200 support level, as it plunged to its lowest in nine months on Wednesday.
Gold’s series of declines following the election of Donald Trump in the US has also resulted in an uptick in physical buying at jewellery stores in Dubai.
As of 8:28pm, 24K was retailing in Dubai at Dh143.50 per gram, down by a whopping Dh14.50 since its peak in the wake of Trump’s victory (November 7).
Analysts are betting on this trend to continue on heightened interest rate increase expectations.
source: gulfnews
Source : https://www.facebook.com/prithviraj.kothari
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