Gold Prices in the UAE Steady Amid Global Economic Shifts – April, 2025
Gold prices in the United Arab Emirates (UAE) have remained stable on Thursday, showing minimal change from the previous day. According to FXStreet data, the price for gold held steady, providing a reliable option for investors in a fluctuating market.
Current Gold Price in the UAE
As of today, the price of gold in the UAE is 394.77 AED per gram, almost unchanged from 394.80 AED on Wednesday. Similarly, the price for a tola of gold remains at 4,604.58 AED, showing no significant fluctuation.
Here’s a breakdown of the latest gold prices in the UAE:
- 1 Gram: 394.77 AED
- 10 Grams: 3,947.68 AED
- Tola: 4,604.58 AED
- Troy Ounce: 12,278.84 AED
These prices suggest a steady trend in the gold market, offering a stable investment environment for those interested in precious metals.
Impact of Global Economic Factors on Gold
Gold’s steady performance is influenced by several key global economic factors. One notable development is the fall in US Treasury yields, with the 10-year yield dropping almost six basis points to 4.281%. This shift in yields, along with falling US real yields, has increased the attractiveness of gold as a safe-haven investment.
Comments from Fed Chair Powell Affect Gold Market
Federal Reserve Chairman Jerome Powell’s recent remarks about potential stagflation in the US economy have also contributed to gold’s stability. Powell pointed out that the Federal Reserve’s dual goals—curbing inflation while ensuring full employment—could face significant challenges, leading to economic conditions that favor gold as a stable asset.
US Economic Data and Its Effect on Gold
In addition to the comments from the Federal Reserve, recent US economic data has also played a role in the gold market. For instance, US Retail Sales increased by 1.4% MoM in March, beating expectations. However, the control group—used for GDP calculations—only rose 0.4%, below the anticipated 0.6%.
Despite these mixed economic signals, gold remains supported by a lack of confidence in other investment options, especially amid concerns about inflation and economic slowdown.
Gold’s Technical Outlook: Potential for New Record Highs
Looking ahead, experts predict that gold may continue to perform well. Some analysts suggest that XAU/USD could reach new record highs of $3,400 per ounce, driven by ongoing economic uncertainties and a weaker US dollar.
Conclusion: A Stable Path for Gold in the UAE
In conclusion, gold prices in the UAE remain stable amid shifting global economic conditions. As factors like falling US yields, stagflation concerns, and mixed US economic data shape the financial landscape, gold remains a reliable and attractive investment option.
