00:00If you buy gold, invest, or even buy jewelry in the UAE, this affects you.
00:04Gold prices in the UAE have stabilized after a small drop of about 1 dirham per gram.
00:09This comes after the U.S. Federal Reserve kept interest rates unchanged.
00:13When interest rates stay the same, investors don't rush to move money in or out of gold.
00:18So price changes slow down.
00:20Because UAE gold prices follow global markets, especially from the U.S.,
00:24so any small shift in investor confidence shows up quickly here in local shops and trading.
00:28For now, gold is steady.
00:30But future rate decisions could move prices again soon.
00:33For more business news, head to khalishtimes.com.
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