🚨 CHAOS IN DUBAI’S PRECIOUS METALS MARKET 🚨
💥 Gold & Silver Hit by Heavy Selling 💥
Dubai markets were rocked as gold and silver saw sharp sell-offs, wiping out recent gains and flipping bullish sentiment into outright fear. What looked unstoppable earlier this week has reversed fast.
💛 Gold Slides Hard Gold broke below the key Dh600 per gram level and continued falling into Saturday:
🔻 24K Gold: Dh589.5/gram
⬇️ From a peak of Dh666 just days ago
💣 Drop: Dh76.5 per gram in only 48 hours
Other purity levels followed the downturn:
22K: Dh545.75
21K: Dh523.25
18K: Dh448.5
14K: Dh349.75
🌍 On the global stage, gold slipped to around $5,000 per ounce, sparking intense profit-taking and rattling investor nerves.
🥈 Silver Takes a Beating Silver didn’t just fall—it collapsed: ⚠️ Down 34%
💥 -$40 per ounce
Volatility surged as traders rushed to cut exposure, turning the market disorderly.
💬 The big question now:
Is this a normal reset after a parabolic run—or the early signal of a deeper breakdown?
With confidence shaky, liquidity tightening, and uncertainty dominating, caution is back in control.
👇 Stay sharp. Manage risk.