Dubai’s gold market has witnessed a notable recovery following a recent sharp decline. After gold prices in the UAE dropped by Dh29 per gram, they have now rebounded by Dh19 per gram, offering renewed optimism to investors and buyers in the region.
Global Gold Price Outlook
According to JP Morgan, the global gold prices are projected to continue their upward trajectory, potentially reaching an impressive $6,300 per ounce by the end of 2026. This anticipated increase is largely driven by:
- Increased demand from central banks
- Rising interest from investors worldwide
Impact on Dubai’s Gold Market
The recent price rebound in Dubai reflects a growing market confidence and signals positive trends for traders in the Gulf region. Experts suggest that while the gold market may experience fluctuations, the overall outlook remains robust.
Given these dynamics, Dubai continues to hold a significant position as a key center for gold trading in the region.
Stay tuned to Questiqa World News for the latest updates on gold prices and market trends.
About The Author
