Gold Prices Rise : Surge Past Dh400 in Dubai Amid Global Economic Uncertainty
Gold prices rise past Dh400 per gram. Rising geopolitical tension and economic instability have made the yellow metal a preferred safe haven.
Gold Prices Rise: Dubai Market Sees Record Gold Rate
Gold prices rise of 24K gold hit Dh402.75 per gram — the highest ever recorded in Dubai. Meanwhile, 22K, 21K, and 18K gold were priced at Dh372.75, Dh357.5, and Dh306.5 per gram respectively. Globally, spot gold climbed to $3,342.22 per ounce, rising 3.72% amid uncertainty.
Safe-Haven Demand Soars Amid Global Tensions
Trade wars and a weakening US dollar are making investors turn to gold for security.
According to Saxo Bank, demand from central banks and falling US rates are also driving prices higher.
As tensions grow, investors favor assets that offer stability and long-term value.
Why Gold’s Neutral Status Attracts Investors
Saxo Bank emphasized that sanctions, tariffs, and rising debt are reshaping investor behavior. Gold’s political neutrality strengthens its role as a trusted store of value worldwide. “Gold is recognised everywhere,” Saxo said, adding it’s unaffected by a country’s credit status.
Japanese Yen Emerges as a Strong Alternative
Besides gold, the Japanese yen is gaining favor among global hedge funds. Samira Farzad of HF Quarters noted this shift reflects broader concern over market risk. “Funds hold their most bullish yen positions since 2021,” she stated.
Investors Move Away From the US Dollar
Asset managers are placing record-long bets on the yen amid declining dollar confidence. US-China tensions have prompted a shift toward more stable investments. As a result, gold and other safe-haven assets continue to rise in popularity.
Outlook: Gold Remains a Top Investment Pick
Precious metals and defensive currencies are becoming cornerstones of diversified portfolios. Dubai’s gold market remains a reflection of wider global trends in investor sentiment. If instability continues, further upward movement in gold prices is likely.