Dubai investors are increasingly selling cryptocurrencies to buy gold and silver. Over the past few months, cryptocurrencies have dropped in value, while precious metals have surged to record highs in 2026. This trend has caught the attention of many in the UAE seeking safer investment options.
Gold prices in Dubai recently rose following a dip-buying trend after a 2% drop. Vijay Valecha, chief investment officer at Century Financial, said investors are closely watching the upcoming Federal Reserve meeting to understand the US economy’s health and its impact on gold prices.
The shift from digital assets to physical metals shows a growing concern among investors about market volatility. Gold and silver are seen as more stable investments during uncertain economic times. This movement is influencing the local market, attracting both experienced investors and new buyers.
As precious metals continue their upward trend in Dubai, experts predict this pattern might stay for some time. Investors in the UAE are adapting quickly to global economic changes, balancing risks between cryptocurrencies and traditional assets.
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