Gold Prices Reach New Record Highs
Introduction to the Price Increase
The gold prices in Dubai rose to new record highs on Monday, with the precious metal occupying $3,800 per ounce worldwide at the beginning of the week. In the United Arab Emirates, 24k jumped to an all-time high of DH458.25 per gram, while 22k reached 424.25 DH per gram. Among the other variants, 21K and 18K were priced at DH407 and DH348.75 per gram, respectively.
Factors Contributing to the Price Increase
Gold prices have gathered due to the global uncertainty, geopolitical tensions, and interest reductions in the United States. If the uncertainty continues, this will continue to push up the price of gold, and 24k could reach 500 DH per gram. Due to the resistance of gold, investors are optimistic about the outlook and see the precious metal touching $4,000 per ounce in 2026.
Current Market Trends
Spot Gold acted on Monday at $3,810.53 per ounce at 12 noon and achieved $3,819 per ounce on the day. According to Dilin Wu, research strategist at Peppertone, the bullion gold market remained dominated last week, with prices successfully encountering over $3,800, which was another record high. The expectations for further FED installment cuts have supported this non-soft asset, while the new tariff policy of US President Donald Trump, geopolitical tensions, and potential closure risks of the US government have delivered the continued purchase of safe haven.
Future Outlook
Retailers will monitor the developments and employment data of the US fiscal policy and the non-farm-lohn and salary statement this week for Gold’s next step. It is crucial whether gold can close over $3,800. Keeping this level would make $3,900 and some institutional forecasts of $4,000 accessible this year. If the prices fall back below $3,800, the support can occur around $3,700, whereby the next support level may be almost $3,630 if this fails.
Market Analysis
With a view to the future, the resistance in the behavior of "Buy-the-Dip" was confirmed. Despite a small withdrawal of the week, the bulls quickly got around $3,700 and helped the weekly conclusion by more than 2 percent and had a steady upward trend. On Monday, the prices rose through $3,800 during the intraday trade. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said uncertainty helps gold to new records. The metal started over $3,800 per impact the week, while Silver continues its exponential increase, since investors avoid the dollar and the US debt. The rally of the precious metals is not just a short-term allocation story.
Global Economic Impact
The overall picture remains unchanged because tarrases exist and the global growth prospects weigh, violate global trade, and lead to revised supply chains and a shared world. But their direct market effects have weakened. The uncertainty and geopolitical tensions will continue to influence the gold prices, making it a safe-haven asset for investors. As the global economy continues to face challenges, the demand for gold is expected to remain high, driving up its price.
