Gold prices in Dubai slipped on Thursday after a three-day rally, as investor sentiment weakened following U.S. President Donald Trump’s latest speech. Traders noted profit booking and cautious positioning, with global cues influencing the precious metal’s short-term trajectory.
After a strong upward run, Dubai’s gold market witnessed a pullback today. The decline came as Trump’s remarks on economic policy and global trade triggered uncertainty, prompting investors to reassess risk appetite.
Market Reaction
Spot gold prices in Dubai eased as traders booked profits following recent gains. Analysts highlighted that Trump’s speech introduced fresh concerns about global growth, leading to a dip in safe-haven demand. The correction is seen as a natural pause after sustained upward momentum.
Investor Outlook
Market experts suggest that gold remains supported by broader geopolitical and economic uncertainties. However, short-term volatility is expected as traders balance profit-taking with renewed interest in safe-haven assets. Dubai’s bullion market continues to reflect global sentiment shifts.
Key Highlights
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Dubai gold prices fell after three-day rally
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Trump’s speech weighed on investor sentiment
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Profit booking triggered short-term correction
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Safe-haven demand remains intact amid global uncertainty
Sources: Gulf News, Khaleej Times, Reuters commodities update