Gold Prices in Dubai Hit Record High — Why Investors are Shifting to Safe-Haven Assets Now

On January 14, 2026, in Dubai, 24K gold climbed to Dh558 per gram, its highest price ever, a gain of almost Dh38 since the beginning of January, reflecting a global spurt to above $4,600 per ounce. Investors flock to safe-haven assets amid escalating geopolitical tensions in Iran, Venezuela, and beyond, alongside US Federal Reserve policy uncertainties under President Trump. The anticipation of Fed rate cuts later this year reduces the opportunity cost of holding non yielding gold and uncertainty about Fed independence creates caution. The Gold Souk of Dubai is busy with tourists taking advantage of low rates, and the locals are planning to spend more. This turn highlights the importance of gold as crisis insurance during unfavorable periods.

Dubai Gold Surge Drivers

Safe-haven demand of gold is fuelled by geopolitical risks, such as the Middle East outburst and demonstrations. Record-breaking spot prices pushed the Dubai retail rates up as physical buying was good.​

Investor Shift Reasons

Bets by Fed to lower rates undermine the dollar and yield, increasing the attraction of gold. Fed autonomy is put through political forces, which increase uncertainty, leading to portfolio switching to precious metals.​

Market Outlook

Analysts project $5,000/oz in the middle of 2026 provided the tensions continue. Local support is provided by UAE central bank increases in gold reserves.​