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Why have gold prices in the UAE fallen from record highs, and will they rise again soon?

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Asked 8 months, 3 weeks ago
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Day of Dubai
After touching an all-time high of $4,500 last month, gold slipped to $4,080 per ounce — and 24K in the UAE dropped to Dh492.25 — mainly due to profit-taking and a broader corrective phase, but analysts say this dip is temporary. Experts predict gold could fall further to $3,700–$3,800 before rebounding, potentially revisiting $4,500 and even touching $4,900 depending on global fundamentals, while long-term forecasts hint at $5,000 by 2026–27 driven by US tariffs, central bank buying, and shifts in the US economy. With the metal already up 60% this year — its second-best annual performance since 1979 — many believe the correction is “healthy,” though US Fed decisions could still trigger volatility. What’s your take — is this dip a golden buying opportunity, or do you expect prices to fall further?
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