From Economy Middle East: 2024-07-29 02:21:22

Investors await the Federal Reserve’s interest rate decision with no change expected. Gold prices dropped on Asian demand decline but rose in UAE. Globally, spot gold fell, while US gold futures climbed. Slow Chinese economy impacts gold prices.PCE prices edged up, strengthening case for Fed rate cuts. Silver rose, palladium and platinum gained, while copper declined.



Read more at Economy Middle East: UAE gold prices edge higher, global rates fall on sluggish demand