Gold traders in Philippines and UAE discover why AED 392.10 beats panic buying
Key Points
- Gold is showing unusual stability while other assets fluctua...
Gold is doing something peculiar right now - it's acting stable. While most assets either shoot to the moon or crater to the earth's core, gold in the Philippines and UAE is sitting there like that friend who never gets rattled during market meltdowns.
When Numbers Actually Make Sense
In the UAE, gold hit AED 392.10 per gram on August 20th, up a modest 0.55 dirhams from the day before. Meanwhile, Philippine traders are looking at PHP 6,235.35 per gram. These aren't the dramatic swings that make for exciting trading stories, but they're the kind of moves that actually make sense when you ...
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