Insights 
VT 
Gold prices in the United Arab Emirates saw a decrease on Thursday. The price per gram fell to AED 482.60 from AED 483.94, with the price per tola dropping to AED 5,629.10 from the previous day’s AED 5,644.53.
The unit measurements in AED for Gold are: 1 Gram at 482.60, 10 Grams at 4,826.08, 1 Tola at 5,629.10, and 1 Troy Ounce at 15,009.49. Gold saw a rise of over 50% in 2025, exceeding increases seen in major past events.
Us Plans To Curb Software Exports
The US President’s administration is considering curbing software exports to China as retaliation for China’s rare earth export restrictions. The US government shutdown has reached four weeks with no resolution, making it the country’s second-longest shutdown.
The sell-off in Gold is deemed technical due to profit-taking after an extended overbought period. Despite the drop, Gold is up about 55% this year. The Fed funds futures suggest a 97% chance of a 25 basis point rate cut.
FXStreet adapts international Gold prices (USD/AED) for local UAE currency, with updates based on market rates at publication. Prices can slightly diverge locally, serving as a reference only.
The significant 55% rise in gold this year suggests the recent small price drop is just profit-taking after a long period of gains. The underlying support for bullion remains strong due to escalating trade tensions with China and a US government shutdown now in its fourth week. We should therefore see this minor pullback as a potential buying opportunity, not a reversal of the trend.
The Us Economic Situation
The US domestic situation is a key driver, as the ongoing government shutdown is creating significant economic uncertainty. This instability reinforces market expectations for a Federal Reserve rate cut, which is now priced in with 97% certainty following last week’s weak non-farm payrolls data. Looking back, we saw similar Fed pivots during the turbulence of 2019, which preceded a strong rally in precious metals.
Internationally, stalled talks between the US and China continue to push investors towards safe-haven assets like gold. This is reflected in central bank behaviour, with World Gold Council data for Q3 2025 showing net purchases hit a new quarterly record of 350 tonnes. This level of official buying exceeds even the aggressive accumulation we witnessed in 2022.
Market fear is becoming more visible, with the VIX volatility index consistently trading above 25, a level not sustained since the 2020 pandemic. In the derivatives market, we are seeing call option volume on major gold ETFs significantly outweighing put volume, with a notable demand for contracts expiring in January 2026. This positioning suggests traders are betting that the current geopolitical and economic risks will push prices even higher in the coming months.
