Gold Prices Rebound in Dubai After Tough Week
- Publish date: Monday، 19 May 2025 Reading time: 1 min read
Safe-haven demand returns as dollar dips and tariff tensions rise
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Dubai’s gold prices are shining again—just a little brighter.
Read More: Where To Buy Gold In Dubai and More...
Gold rates in Dubai saw a mini bounce on Monday morning, ticking up by nearly Dh2 per gram after a rough week of losses. According to the Dubai Jewellery Group, 24K gold was trading at Dh387.75 per gram, up from Dh386 at Friday’s close.
Other popular varieties also joined the upward move:
- 22K opened at Dh359.25
- 21K at Dh344.50
- 18K at Dh295.25
Globally, spot gold was up 0.52% to $3,220.47 an ounce, helped along by a dip in the US dollar and rising global jitters.
Why the Gold Comeback?
Blame it on tariffs and credit worries. After President Trump revived trade war rhetoric and Moody’s downgraded the US credit rating, investors got nervous—and when Wall Street panics, gold often glows.
“The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price,” said Tim Waterer, chief market analyst at KCM Trade.
Also adding fuel: Treasury Secretary Scott Bessent confirmed that Trump plans to go ahead with tariffs unless trading partners play ball. That’s sent shockwaves through markets and brought gold buyers back into the game.
The Bigger Picture
Just last week, gold slid over 2%, marking its worst week since November 2024. But with renewed safe-haven demand and a wobbly dollar, the yellow metal is regaining momentum—for now.
Keep those eyes peeled: between geopolitics and market drama, your next gold shopping trip could get interesting.