Gold prices have been consistently decreasing, falling from a record high of $3,500 per ounce in April to $3,201 today. What caused the drop? Experts believe that investors’ increased willingness to take risks is causing gold to lose its status as a secure investment.
In Dubai, the impact is evident—gold has decreased by Dh34 per gram since April, indicating that the global trend is causing ripples even in local markets.
The pressing question: could the price of gold fall below $3,000 per ounce in the near future? Given the prevailing market trends, several experts believe that it could indeed become a reality. This could be very intriguing—keep watching.