Gold price in United Arab Emirates: Rates on May 16
By: bitcoin ethereum news|2025/05/16 14:00:13
0
Share
Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 380.24 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 382.61 it cost on Thursday. The price for Gold decreased to AED 4,435.23 per tola from AED 4,462.63 per tola a day earlier. Daily Digest Market Movers: Gold price bulls refrain from placing aggressive bets amid trade optimism The US and China agreed to significantly lower tariffs and initiated a 90-day pause to finalize a broader deal, marking a de-escalation of a disruptive standoff between the world’s two largest economies. Moreover, US President Trump pointed to ongoing negotiations with India, Japan, and South Korea. Negotiators from Russia and Ukraine, as well as a delegation from the US, are currently in Istanbul, Turkey, for the first direct peace talks in three years. However, Russian President Vladimir Putin’s absence has already dashed hopes for any breakthrough toward ending the prolonged war. Meanwhile, Israel’s military intensifies its carnage across the Gaza Strip since dawn on Thursday, and the relentless assault, so far, has killed at least 143 Palestinians. This keeps geopolitical risks in play, which, along with the lack of any US Dollar buying interest, could support the safe-haven Gold price. A duo of weaker economic reports released from the US on Thursday reaffirmed market bets for more interest rate cuts by the Federal Reserve this year. This, in turn, dragged the US Treasury bond yields sharply lower and undermined the buck, lending some support to the non-yielding yellow metal. The US Producer Price Index for final demand fell 0.5% in April, marking the first monthly decline since 2023. This comes on top of softer US Consumer Price Index (CPI) on Tuesday, which rose at the lowest annual rate since February 2021, and further pointed to signs of easing inflationary pressures. Separately, the US Department of Commerce reported that Retail Sales rose 0.1% in April compared to the previous month’s upwardly revised growth of 1.7%. This increases the likelihood that the US economy will experience several quarters of sluggish growth and reaffirms dovish Fed expectations. FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.) Source: https://www.fxstreet.com/news/united-arab-emirates-gold-price-today-gold-falls-according-to-fxstreet-data-202505160455
You may also like

Pantera Capital: How has Crypto as a Service affected us?
If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.

Pantera Capital: What changes have we made when crypto is treated as a service?
If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious
"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps
The opportunity for stablecoins lies with those merchants that have yet to emerge.

Mining Exodus: Someone Holds $12.8 Billion AI Order
Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?
1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum
2. Largest Price Swings: $XPT, $AIX
3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting
The stablecoin opportunity lies with those merchants yet to come onboard.
Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX
The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin
Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading
A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish
「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'
Life of Talent, Paranoia, and Setbacks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks
A black metal card, 600x rate delta.

36 years, 4 wars, 1 script: How does capital price the world in conflict?
When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders
Mining companies turn to AI computing power, with no turning back.

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development
What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.
Pantera Capital: How has Crypto as a Service affected us?
If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.
Pantera Capital: What changes have we made when crypto is treated as a service?
If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.
Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious
"The Ethereum token economic model has collapsed, wake up and see this clearly."
Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?
CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.
a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps
The opportunity for stablecoins lies with those merchants that have yet to emerge.