Gold falls for a second week – GulfToday

SourceGulf Today
SectorOil & Gas
CountryGulf

UAE eCommerce sector to continue upward trajectory Gold, which serves as a shield against inflation and currency debasement has advanced by 23% this year. This was due to the stimulus injected into the economy. Stephen Innes, chief global market strategist at financial services said, "It's going to be a huge bumpy ride (for gold) waiting for stimulus to come in. It is now looking at $1,900 into year-end." Silver rose 0.1% to $24.12 per ounce. Platinum and palladium gained 0.4% to $955.09 and $2,333.69, respectively.   ...read more...