22/04/2025
Gold prices have soared to record highs, crossing Dh400 per gram in Dubai and $3,340 per ounce globally, driven by economic uncertainty and a weakening US dollar. In Dubai, 24K gold hit Dh402.75 per gram, with other purities also reaching new peaks.
Global demand, fueled by central bank buying, inflation concerns, and geopolitical tensions like trade tariffs, has boosted gold’s safe-haven appeal. Unlike currencies or bonds, gold remains politically neutral and globally trusted, making it a preferred choice for investors.
Meanwhile, the weakening dollar is pushing hedge funds and asset managers toward the Japanese yen, now seen as a stable defensive asset amid rising global instability.
