asset. Why is gold skyrocketing? Several global and economic factors are driving the surge: Weak US dollar – A weaker dollar makes gold cheaper internationally, spurring demand. Geopolitical tensions – Wars, trade disputes, and political uncertainty fuel safe-haven buying. Interest rate expectations – Hopes that the US Federal Reserve will cut rates in September are boosting gold. ETF inflows – Investors poured $5.5 billion into gold-backed funds in August alone. India leads global demand On India’s MCX, gold hit ₹101,967 per 10 grams, rising 34% in 2025 so far. Strong festival and wedding demand in India is outpacing China, where investors turned to equities instead. Impact on the UAE market As one of the world’s biggest gold hubs, the UAE feels the price pressure directly: Jewelry buyers – Shoppers are paying record amounts, especially ahead of wedding and festive seasons. Investors – Higher prices reinforce gold’s role as a long-term inflation hedge. Bullion & coins – Expats see gold as a safe store of value during economic uncertainty. For many UAE residents, buying gold now secures assets against inflation and market swings — though patience could reward those waiting for price dips. What to expect this week Volatility – Prices may swing sharply as Fed policy decisions near. Local demand push – Wedding season and upcoming festivals may push UAE retail gold prices higher. Smart strategy – Long-term savers should consider buying on dips, while short-term buyers may face hotter prices. Bottom Line Gold has entered uncharted territory, offering both risk and reward. For UAE shoppers, jewelry is pricier than ever. For investors, the rally underlines gold’s enduring appeal as a safe-haven asset in times of uncertainty.
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