Gold prices in the UAE on July 12, 2026: Latest update on 21-karat gold trends

On Sunday, July 12, 2026, gold prices in the UAE experienced a slight increase across various purity levels compared to the previous week. Globally, gold prices saw weekly losses of 1.7% due to rising oil prices and escalating tensions between the United States and Iran. These developments have heightened concerns about inflation and expectations of an interest rate hike by the U.S. Federal Reserve.

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