Gold prices have been declining steadily, falling from a record high of $3,500 per ounce in April to $3,201 today. This precipitous drop is a source of intrigue among the industry. Experts attribute the increase in risk-taking among investors to the diminishing demand for the safe-haven metal.
In Dubai, the impact is evident—gold has dropped by Dh34 per gram since April, mirroring the global shift in market sentiment.
As the allure of gold as a secure investment wanes, experts are pondering: could prices drop below $3,000 per ounce in the near future? The future remains uncertain, but currently, the precious metal’s decline shows no signs of abating. ⏳.
