Gold Prices Fall in UAE Amid Hopes of US-China Trade Talks

By Faizal

10 Jun 2025

Gold Prices Fall in UAE Amid Hopes of US-China Trade Talks

Gold prices in the UAE dropped slightly as global markets reacted to renewed optimism over trade talks between the United States and China. In Dubai, the price of 22K gold fell to Dh369.75 per gram, down from last week’s highs of Dh374–Dh376.

International gold prices also slipped by nearly 2% over the past two days, with current rates around $3,330 per ounce, as strong US economic data and trade developments made investors less dependent on gold as a safe haven.

Retailers in Dubai say prices could drop another Dh2 to Dh3 per gram if global rates decline further. Many UAE shoppers are now waiting for the price to reach Dh360 per gram before making purchases.

Despite the drop, experts believe any fall in prices may be short-lived. Central banks, especially in China, are still buying gold, and global demand remains steady.

Analysts predict gold could average $3,063 per ounce in 2025, and possibly rise again to $3,350 by 2026.

Written by

Faizal

Faizal is an experienced content creator and writer with a strong focus on business trends, economic developments, and emerging opportunities across the Gulf region. His work reflects a keen understanding of evolving markets, industry dynamics, and the factors shaping the region’s business landscape. With a research-driven approach, Faizal transforms complex market developments into clear, informative, and actionable insights for professionals, entrepreneurs, and business leaders. His content aims to provide valuable perspectives on key economic trends and developments influencing businesses across the Gulf.