Dubai: After slapping fresh trade penalties on a number of nations, US President Donald Trump left the door open for further negotiations, which caused gold prices to fall more than 1% internationally. Customers in the UAE can rejoice since there may finally be a discount on 22K and 24K pricing.
But Trump has once again threatened to impose 25% tariffs on markets such as South Korea, Japan, and others. In order to give impacted nations three weeks to complete agreements, the White House postponed the imposition of tariffs until August 1.
In April, gold surged to all-time highs driven by uncertainty throughout the world. The accumulation of gold by central banks, particularly China’s, contributed to price pressure. However, gold has retreated as tariff anxiety is now momentarily subsiding, providing a window of opportunity for Dubai’s small investors and purchasers. Dubai consumers may profit from slight price declines as gold responds to trade news. To take advantage of this brief gap, be abreast of world events and be prepared to take action.
Also Read:
In a Single Week, The Kingdom Apprehends 17,863 Illegals
Despite a Global Recession, Saudi Arabia Reports Four Years of VC Growth: Report
