Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024.
Spot gold was steady at $2,299.28 per ounce as of 0343 GMT and hit a record high of $2,304.09 earlier in the session. Bullion has hit record highs in each session since last week's Thursday.
Spot silver fell 0.5 per cent to $27.08 per ounce, platinum edged down 0.1 per cent to $935.39 and palladium was up 0.4 per cent at $1.017.83.
UAE gains observer status in Eurasian Group to combat money laundering
The UAE has officially joined the Eurasian Group on Combatting Money Laundering and Terrorist Financing (EAG) as an observer, making it the first country in the region to achieve this status.
WTO chief Okonjo-Iweala reinstated for second term as trade wars loom
World Trade Organisation (WTO) chief Ngozi Okonjo-Iweala was reappointed for a second term at a special meeting on Friday, the trade watchdog said, meaning her tenure will coincide with US President-elect Donald Trump's second administration.
Ukraine imposes first wartime tax hikes
President Volodymyr Zelenskiy signed into law on Thursday Ukraine's first wartime tax increases as the war against Russia reaches its 34th month.
Dubai Chambers, Standard Chartered to support global expansion of local businesses
Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.
