Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States, pushing up Dubai gold prices to Dh per 22 carrat, up from Dh Globally, spot gold had risen 0. Weaker-than-expected numbers are supporting the view that the US Federal Reserve is not going to raise rates more than a couple of times this year," ANZ analyst Daniel Hynes said.

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Investor appetite for risk has been dulled this week by a number of factors, such as caution ahead of the upcoming meeting between US President Donald trump and Chinese President Xi Jinping and a suspected suicide bombing in St. Net long positions in gold have started to peak again and investors are a little more bullish about the outlook. Hedge funds and money managers raised their net long position in COMEX gold by 33, to 99, lots in the week to March 28, the highest in more than three weeks.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 0. The dollar index, which measures the greenback against a basket of currencies, fell 0. The dollar extended overnight losses and was down 0. A stronger greenback makes dollar-denominated gold more expensive for holders of other currencies. Spot silver rose 0. The company credits strong sales of the E-Class, which can come Precious metal also hit by increased appetite for risky assets.

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Gold slips to 2-week low, 24k priced at Dh Saudi foils bombing attempt on Aramco terminal. Illegal UAE resident shows fake Emirates ID to policeman. Here's how you can holiday for free in UAE. Dubai Duty Free worker arrested for embezzling Dh22, It might rain in UAE this weekend: New law to ensure healthy employees in UAE.

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Britain's Labour party promises more public holidays. Sharjah to host hour walkathon for cancer. Indian housewife on visit dies in UAE accident.

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Rickshaw driver's son gets Dh4, Bieber's concert ticket for free. Have you noticed how banks have evolved? BJP set to sweep civic polls, wins 6 wards. You need to demand a raise; VAT's got everything to do with it. How to get residence visa for your parents in UAE. Saudi says no to Haj permits for UAE expats for 2 years.

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