Gold prices in the UAE continue to surge as investors seek stability. Economic uncertainty and trade tensions push demand for the yellow metal higher. Analysts expect prices to climb further past $3,000 per ounce.
On Friday, gold reached a record $3,000 per ounce as investors turned to safe-haven assets. In Dubai, 24K gold rose to Dh360.75 per gram, while 22K hit Dh335.75 . By the weekend, prices slightly dropped, with 24K at Dh359.5 and 22K at Dh334.5 per gram. Despite the dip, demand remains strong.
safe-haven demand grows as investors react to global market risks. Economic shifts, trade disputes, and inflation concerns drive gold prices upward. Experts predict further increases in the coming months.
Ongoing trade conflicts fuel uncertainty in global markets. US President Donald Trump’s decision to impose a 200% tariff on European wine and champagne raises concerns. Analysts believe these policies make gold a safer investment.
Joseph Dahrieh from Tickmill explained that instability in the US economy strengthens gold’s appeal. A weaker job market and slowing inflation may push the Federal Reserve toward cautious policies, driving gold prices even higher.
Ahmad Assiri, a research strategist at Pepperstone, pointed out that a weakening US dollar also supports gold’s rise. As the dollar trades below 104, international investors find gold more attractive.
Geopolitical events influence gold prices significantly. A ceasefire between Ukraine and Russia could ease investor fears and slow gold’s rise. However, ongoing tensions create uncertainty, keeping gold in demand.
safe-haven demand grows as investors look for protection from economic risks. Gold’s appeal remains strong due to shifting market conditions and global concerns.
