Gold prices are showing resilient stability in the UAE market, with investors adopting a strategic “buy the dips” approach amid expectations of a multi-year bull run. While short-term volatility persists, the metal’s long-term fundamentals—supercharged by central bank buying and geopolitical tensions—are keeping demand robust in Dubai’s gold souks and digital trading platforms.
Why UAE investors are optimistic: Global central banks, including the UAE, added 1,081 tonnes in 2023, marking a 60-year record.
Trade War Hedge: Escalating US-China tensions revive gold’s safe-haven appeal.
Dubai’s Discount Window: Local buyers pounce when prices dip below $2,300/oz for jewellery and bars.
2026 Price Forecasts:
Standard Chartered: $2,800/oz target as Fed rate cuts weaken the dollar.
Goldman Sachs: “Underowned asset” could spike if recession hits.
DMCC Report: UAE gold trade volume up 17% YTD, with 25% of buyers holding for 5+ years.
Experts recommend steady accumulation using Dubai’s gold ETFs or government bonds to ride the surge. With mine production flatlining and green tech demand soaring, this could be gold’s quietest—and most strategic—breakout.
