Dubai: Gold prices are again turning too hot for UAE shoppers, with the Dubai Gold Rate expected to cross Dh200 a gram for 22K all over again today. Currently, it is at Dh199.50, but with gold prices now hitting $1,760 an ounce levels, local rates are all set to increase.
Gold has gained $40/oz since Wednesday evening, which was when the US Federal Reserve hiked interest rates by another 0.75 per cent. Since then, there has been…