By: Enas Bahgat
Abu Dhabi – Mubasher: The UAE’s gold prices retreated on Monday compared to the previous session.
The gold sovereign reached AED 989,270, while gold per kilo was AED 141,320.
The price per gold ounce capped at AED 4,395.
Globally, gold prices rose for the first time on Friday after three consecutive sessions of losses on the back of a drop in the dollar and news of US job growth.
However, by 9:14 am GMT on Monday, gold futures, for December delivery 2018, fell 0.60% to $1,198.40 per ounce, while spot gold dropped 0.74% to $1,194.70 per ounce.
