Dubai Gold Eases as Higher US Yields Blunt Safe Haven Demand
10 July 2026 | 3 months ago
24-karat gold in Dubai fell to 495.75 dirhams per gram on Friday, July 10, 2026, down from 497.25 dirhams on Thursday, while 22-karat gold slipped to 459 dirhams from 460.50 dirhams, according to Gulf News. Elevated US Treasury yields and a firmer dollar, amid uncertainty over the Federal Reserve's rate path, offset some of the safe haven demand generated by the Iran-US war. Global gold prices nonetheless remained above 4,100 dollars an ounce.
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