Gold shops in Dubai shine as prices surpass historic $3,000/oz in safe-haven surge

Record ID: 1983393

  • Title: Gold shops in Dubai shine as prices surpass historic $3,000/oz in safe-haven surge
  • Date: 14th March 2025
  • Summary: DUBAI, UNITED ARAB EMIRATES (MARCH 14, 2025) (REUTERS) GOLD NECKLACE ON DISPLAY WITH PRICE TAG VARIOUS OF PEOPLE ADMIRING GOLD JEWELLERY ON DISPLAY WINDOWS GOLD SELLER ARRANGING JEWELLERY IN ITS PLACE VARIOUS OF PEOPLE GETTING IN AND OUT OF GOLD SHOP PEOPLE IN SHOPPING AISLE WITH SIGN ABOVE READING (English): "Gold Market" DISPLAY WINDOWS OF JEWELLERY SHOP SCREEN ADVERTISI
  • Embargoed:
  • Keywords: Dubai Gold jewelry metal
  • Location: DUBAI, UNITED ARAB EMIRATES
  • City: DUBAI, UNITED ARAB EMIRATES
  • Country: UAE
  • Topics: Commodities Markets,Economic Events,Middle East
  • Reuters ID: LVA001897814032025RP1
  • Aspect Ratio: 16:9
  • Story Text: On Friday (March 14), as gold surpassed the critical $3,000 threshold for the first time, onlookers in Dubai's Gold Souq were seen admiring the gleaming shop windows.
    Investors have been flocking to the safe-haven asset amid the economic uncertainty triggered by U.S. President Donald Trump's tariff war, fuelling a historic rally.
    Gold's surge past the $3,000 milestone was driven by "beleaguered investors seeking the ultimate safe-haven asset given Trump's tumult on stock markets," said Tai Wong, an independent metals trader.
    Traditionally viewed as a safe store of value during geopolitical turmoil, bullion has risen nearly 14% so far this year, driven in part by concerns over the impact of Trump's tariffs and a resultant selloff in stock markets.
    (Production: Amr Alfiky and Ivan Romero)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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