Dubai gold prices jump higher Dh7 per gram Monday as investors flee to safe-haven assets following weekend escalation in global tensions. 24-karat gold hit Dh529.25 per gram (up from Dh522 Sunday), while 22-karat reached Dh490 (from Dh483.25), marking January’s highest levels.
The surge mirrors international markets after US claims of capturing Venezuela’s Nicolás Maduro, triggering spot gold above $4,420/oz (+2.1%) and silver’s 5% leap.
Dubai Gold Prices Jump Higher Trigger: Venezuela Leadership Crisis
President Donald Trump‘s declaration of US plans to “run” Venezuela—including “total access” to oil reserves—ignites uncertainty. Investors brace for governance vacuum fallout, mirroring gold’s 2025 surge (strongest since 1979).
Safe-Haven Momentum Fuels Dubai Gold Prices Jump
Goldman Sachs forecasts $4,900/oz in 2026 base case, citing Fed rate cuts and Trump Fed leadership shakeup. Janet Yellen warns of “fiscal dominance”—massive US debt forcing low rates, historically gold-friendly.
Silver outpaces gold, fueled by potential Trump import tariffs tightening refined supply.
What Dubai Gold Buyers Need to Know Today
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24K: Dh529.25/gram (+Dh7.25)
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22K: Dh490/gram (+Dh6.75)
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Trend: Monthly highs; expect volatility
Dubai jewelers see brisk early trading as residents hedge against uncertainty.
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