Gold prices rise in UAE
Mohammed bin Zayed and Indian Prime Minister Narendra Modi held a phone call to discuss bilateral relations and regional developments. It was also announced that the United Nations Water Conference will be held in December, focusing on financing and technology to enhance water security. Meanwhile, Germany is moving toward reducing fuel taxes to ease burdens, while the French shipping company increased fuel charges due to rising prices. Economically, US industrial production declined in August, and stock markets showed mixed signals, with the Dow Jones dropping by 0.22%. In the UAE, gold prices continue to rise amid liquidity pressures and exceeding redemption requests the permissible limit, while Germany and other supply lines are heading toward cutting fuel taxes and resuming efforts to circumvent US sanctions on Iran.
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