Investors in Dubai are presently shifting their focus from cryptocurrencies to precious metals such as gold and silver amid a slump in the crypto market. As these metals reach record highs in 2026, there has been a noticeable change in investment strategies across the UAE.
Market Trends
Recently, gold prices in Dubai experienced a slight decline of 2%, followed by a rebound driven by dip-buying. This fluctuation comes as market participants eagerly await key data from an upcoming U.S. Federal Reserve meeting, which will provide insights into the strength of the U.S. economy.
Investor Sentiment
According to Vijay Valecha, chief investment officer at Century Financial, the demand for gold is influenced by cautious optimism around the Fed’s decisions. Both gold and silver are increasingly viewed as safe-haven assets, especially in contrast to the highly volatile cryptocurrency market.
Dubai’s Role in Precious Metal Trading
The Dubai gold souk has seen a significant increase in activity, underscoring the city’s status as a key global hub for gold trading. This trend reflects a preference among investors for the stability offered by precious metals over digital currencies.
For continuous updates on this evolving story, stay tuned to Questiqa World News.
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