The World Gold Council says gold prices just had their worst monthly drop since 2013. That's a 12% fall in March.
It's a big deal.
But what's driving this decline?
Gold prices plummeted in March. This significant drop is...
Saudi Arabia's oil output has been affected by recent attacks. The East-West Pipeline flow has also been impacted, disrupting the country's energy production and distribution.
The Strait of Hormuz has been shut down, and the CEO of ADNOC is calling for its reopening without conditions. This development has significant implications for the region's oil supply.
Gold prices in the UAE are calculated based on several factors. The price of gold per gram in the UAE can fluctuate constantly due to market conditions.
