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Three men implicated in a bid to sell fake $100, 000 must see out their prison terms and pay a Dhs200, 000 fine each, the Appeals Court ruled.
China’s yuan tumbled to the weaker side of the key 7-per-dollar threshold on Monday, hitting its weakest since 2008, against the backdrop of a sharp escalation in the protracted US-Sino trade war.
The dollar pushed higher on Thursday following a modest US Federal Reserve rate cut, its first in a decade, which left investors doubting that there is much more easing in the pipeline.
Spot gold was down 0.3% to $1,679.41 per ounce by 04:38 GMT, dropping above 3% so far this month while US gold futures were down 0.4% to $1,679.10 per ounce on Wednesday.
World shares dipped on Friday as investors awaited progress towards more US fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high.
The yen hit a six-month high against the dollar on Monday, gaining for a sixth consecutive session against the greenback as stock markets tumbled and pushed investors to the perceived safety of the Japanese currency.
The single currency had spiked to a one-week high above $1.191 after Thursday's European Central Bank meeting, before easing back as policymakers talked it down the next day.It was trading around $1.187 on Monday.
Spot gold was flat at $1,868.29 per ounce by 0627 GMT. But prices are down over 4% for the week pressured by a broadly stronger greenback. US gold futures were down 0.3% to $1,871.
The US dollar gave up brief early gains on Monday as mounting concerns about a slowing US economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
The dollar held steady at 105.28 yen, trading near a three-week high. Against the euro, the dollar was little changed at $1.1822.
