Gulf In Focus - Gold in record territory: UAE shoppers beware!

Gold shoppers in UAE be warned - this could be another day of price spikes. In early trading on Friday, gold pushed past $1,630 a tonne, easily the highest point since 2013. And by the looks of it, will continue to push higher. In the UAE, a 22K gram was at Dh183.75 a gram early Friday, but immediately saw an increase when the first rate setting for the day was announced at 9am. It is now at Dh185 a gram. (The Dubai Gold Price is reviewed four times a day.) "We were hoping prices would soften on Friday after breaking $1,600 level on Thursday - only the second time this year," said Cyriac Varghese of sky Jewellery. "But clearly, that's not happening - let's hope something happens to cool things down for...