Dubai has witnessed a sharp rise in gold prices, jumping by Dh32 within 24 hours to surpass the Dh600 mark again. This surge comes as tensions escalate between the US and Iran.
Recently, a US fighter jet shot down an Iranian drone that approached the Abraham Lincoln aircraft carrier in the Arabian Sea. This military encounter has caused concern among investors, who are moving towards safe-haven assets like gold to protect their investments.
The rising geopolitical tension in the Gulf region is directly impacting the commodity markets in Dubai, a global hub for gold trading. As uncertainty spreads, gold remains a preferred choice for preserving wealth.
Investors and residents in Dubai are closely monitoring the situation as it develops. Stay tuned to Questiqa World News for more latest updates.
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