Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold was up 1.2 per cent at $2,256,69 per ounce, as of 12.45 UAE time, after hitting an all-time high of $2,265.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Spot silver rose 1.34% to $25.25 per ounce, platinum was up 0.53% at $916.08 and palladium climbed 0.7% to $1,021.77.
H.H. Sheikh Hamdan praises DIEZ's AED 246 billion value performance in H1
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has commended the Dubai Integrated Economic Zones Authority (DIEZ) for achieving a record trade value of AED 246 billion in the first half of 2026.
UAE signs agreement to host 2029 World Bank Group, IMF Annual Meetings
The UAE has signed the agreement to host the 2029 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Abu Dhabi.
UAE national becomes first Emirati selected for senior IMF role
UAE's Ali Alhosani has been elected Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position.
H.H. Sheikh Hamdan witnesses launch of Dubai's Global Future Opportunities centre
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has witnessed the signing of an agreement to establish the Centre for Global Future Opportunities in Dubai during the Annual Meeting of Global Future Leaders.
Emaar sustains collection rate at 98 per cent during regional tension
Founder and Managing Director of Emaar Properties, Mohamed Alabbar revealed that Emaar has sustained its collection rate of 98 per cent, with its sales backlog standing at around AED 180 billion.
Abu Dhabi Police have seized 9,237 electric scooters over the past ten months for traffic violations, as part of ongoing campaigns to tighten security measures and improve road safety.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the seventh cycle of the Arab Hope Makers, aiming to seek out "people of goodness and creators of kindness in communities".
Dubai Municipality has announced the completion of over 107 transformative urban development projects worth a combined AED1.6 billion in 2026.
