Gold prices in the United Arab Emirates dropped on Thursday. The price per gram fell to AED 482.60 from AED 483.94. The price for a tola also decreased, going down to AED 5,629.10 from AED 5,644.53 the day before. Here are the gold prices in AED: – 1 Gram: 482.60 – 10 Grams: 4,826.08 – 1 Tola: 5,629.10 – 1 Troy Ounce: 15,009.49 Gold prices increased over 50% in 2025, marking a rise greater than during previous major events.

US Plans to Limit Software Exports

The US government is considering limiting software exports to China in response to China’s restrictions on rare earth exports. The US government has been shut down for four weeks now, making it the second-longest shutdown in history. The recent drop in gold prices is seen as a technical adjustment due to profit-taking after a long period of high prices. Even with this decline, gold has risen about 55% this year. There is a 97% chance of a 25 basis point rate cut, according to futures for Fed funds. FXStreet updates international gold prices (USD/AED) for the local UAE currency based on market rates. These prices may vary locally and should be used as a reference only. Despite the slight drop, the 55% rise in gold this year indicates that the price decrease is likely just profit-taking. Strong support for gold remains due to rising trade tensions with China and the ongoing US government shutdown. This small pullback could be an opportunity to buy rather than a trend reversal.

The US Economic Situation

The US government shutdown is causing major economic uncertainty, leading to expectations for a Federal Reserve rate cut. This expectation is now at 97% following last week’s weak job data. Similar Fed pivots in the past, like in 2019, preceded strong rallies in precious metals. Ongoing stalled discussions between the US and China are driving investors to seek safe-haven assets like gold. Data from the World Gold Council shows that in Q3 2025, central bank purchases reached a record 350 tonnes, outpacing even the aggressive buying seen in 2022. Market anxiety is becoming more apparent as the VIX volatility index remains above 25, a level not seen since the 2020 pandemic. In the derivatives market, trading in call options for major gold ETFs is significantly higher than put options, especially for contracts expiring in January 2026. This suggests traders believe that current geopolitical and economic risks will increase gold prices in the coming months. Create your live VT Markets account and start trading now.

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