Global pressures break the upward trend… Gold prices in the UAE decline on Saturday morning amid market volatility.

Abu Dhabi, UAE – Gold prices in the UAE witnessed a notable decline on Saturday morning, influenced by the drop in the global price of an ounce of gold and the continued pressures associated with the strength of the dollar and movements in financial markets. This was reflected in buying and selling prices in gold shops and local markets.

According to market data, the decline came as investors shifted towards higher-yielding assets. This is particularly evident as they await US monetary policy decisions and inflation indicators, which play a key role in determining the direction of the precious metal globally.

Analysts believe that gold is undergoing a temporary correction after previous upward trends. The strength of the US dollar and rising bond yields are diminishing the metal’s appeal as a safe haven, despite ongoing geopolitical risks that could support prices in the medium term.

Conversely, the decline may present an opportunity for buyers in the UAE market, especially with the increased demand for gold jewelry during holiday seasons. This could mitigate the severity of the declines if local demand stabilizes.

Experts expect this volatility to continue in the coming period. Meanwhile, investors remain on the lookout for any new signals from global markets that may determine the next direction for gold prices, whether to stabilize or resume an upward trend.