Gold prices in Dubai have increased due to a weaker dollar.
Gold prices in Dubai and globally rose on Tuesday morning as the dollar retreated, providing investors with a haven asset amid economic uncertainty.
On the first trading day of the week in Dubai, gold prices remained stable.
Gold prices is often seen as an indicator of the overall health of the global economy. Recently, the COVID-19 pandemic has caused uncertainty and volatility in financial markets, leading to a surge in demand for gold and driving up its price.