In the UAE, 24K prices rose half a dirham to Dh216.75 at the opening of the market as compared to Tuesday prices.
“The dollar index has lost its upward momentum and this has helped the gold prices to move higher.
“The elephant in the room is this Delta variant and whether it does materially affect the global recovery.
“Gold’s fate will be decided by the FOMC and whether they signal imminent tapering in September.