Gold prices fell in UAE and globally on Thursday morning as investors expect more interest rate hikes by the US Federal Reserve. The Dubai Jewellery Group data showed 24K trading at Dh238.0 per gram at the opening of the markets on Thursday, down from Dh238.75 per gram at the close of the markets on Wednesday. The other variants of the precious also opened lower as 22K was trading at Dh220.25, 21K at Dh213.25 and 18K at Dh182.75 per gram on Thursday morning. Globally, spot gold was trading at $1,964.41 per ounce at 9.10 am UAE time, down by 0.11 per cent. Daniel McCarthy, a strategist at dailyFX, said interest rate ... (full story)