Gold prices reached a new all-time high last week in Dubai as prices surpassed Dh400 per gram locally and $3,300 worldwide. The precious metal closed at $3,315.13 per ounce over the weekend.

Volatility in the JGB market remains high. “With trading thin, price movements are large in the long-term sector in particular, and the levels at which it will settle are unclear,” Citi said.

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