In Dubai, gold prices increased by Dh0.75 per gram as markets opened in the UAE, rebounding from a loss of Dh2.5 per gram on Wednesday which marked a two-week low. By 9am UAE time on Thursday, the 24K gold was trading at Dh278.75 per gram, up from Dh278.0 per gram at Wednesday's close. The other variants also saw an increase, with 22K, 21K, and 18K trading at Dh258.0, Dh249.75, and Dh214.0 per gram respectively. Globally, gold steadied at $2,299 per ounce, hovering near a two-week low due to a robust US dollar and elevated bond yields. Andreas Thalassinos, a senior market analyst at Neotrades, noted that market focus is now on the impending inflation data due on Friday, which might heavily influence the Federal Reserve's rate decisions. Thalassinos added that the upcoming Personal Consumption Expenditures (PCE) data and a series of speeches by Federal Reserve governors could impact trader expectations. Despite a slight rise in US business activity last Friday posing a challenge for gold, the market still foresees the potential for two interest rate cuts this year, which could bolster the precious metal. Marc Pussard, the head of risk at APM Capital, explained that gold prices fell as the US dollar recovered, supported by a minor increase in US Treasury bond yields.