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The price of gold rocketed Friday to the highest level since the start of 1980, as the precious metal won support from the weak dollar and record high crude oil prices, traders said.
The price of gold edged closer to 800 dollars an ounce on Monday, as it struck the highest level since the start of 1980 owing to the weak dollar and record high crude oil prices, traders said.
The price of gold passed 800 dollars an ounce on Wednesday for the first time since 1980 after the US Federal Reserve lowered its key short-term interest rate, the New York Mercantile Exchange said.
When festive times are near, can gold be far behind? Since time immemorial, gold's mystic glory and divine magic have partnered mankind during times of celebrations
Emaar Malls Group, the shopping malls subsidiary of Emaar Properties PJSC, has announced the completion of the second and third phase of expansion of the Gold & Diamond Park
As far as timing goes, it cannot get more precise than the staging of Jewellery Collections Dubai. The festive season is upon us and wedding bells can be heard in the air.
As we ride into the festive season towards yearend, it is reassuring to know that we have mankind's most luxurious metal beside us - gold.
The price of gold rose above 843 dollars on Monday, close to its all-time high of 850 dollars, as the precious metal profited from political unrest in Pakistan and a weak dollar, dealers said.
The price of gold struck a 28-year peak close to its record high of 850 dollars an ounce here Wednesday as unrest in Pakistan and a falling dollar fuelled demand for the precious metal, analysts said.
Unrest in Pakistan, a faltering dollar and surging oil futures sent the price of gold soaring to a record high on Wednesday, beating its previous highest level set 28 years ago.
The price of gold struck a new all-time peak of 863.11 dollars an ounce on the London Bullion Market on Thursday.