With gold prices hovering above $3,300 per ounce, investors across the UAE and Gulf region are asking a familiar question: is now the right time to buy gold, or should I wait for a price dip?
According to recent data from trading platforms, many regional investors are eyeing the $3,250/oz level as an ideal entry point to build or expand their positions. However, given the current global uncertainties, waiting may carry its own risks.
Current Gold Prices
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Spot gold: $3,336 per ounce
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Dubai gold rate: AED 371.75 per gram
(Gold has consistently remained above AED 370/g since the start of July.)
What’s Driving Gold Prices Higher?
Despite hopes that the Israel-Iran ceasefire would cool prices, gold rebounded quickly after an initial dip. Analysts now warn that upcoming geopolitical and economic triggers — particularly the July 9 deadline for U.S. import tariff negotiations — could cause another surge in volatility, mostly to the upside.
“The market is watching the tariff outcome closely. Any delay or breakdown in talks could push gold even higher,” says a senior analyst at IG Markets.
Is It Wise to Wait for a Dip?
Most experts agree that 2025 is shaping up to be a year of tactical accumulation. This means that investors are looking to buy within a targeted range of $3,100–$3,500/oz, rather than jumping in aggressively at the top.
“This supports our view: Investors are favoring strategic buying opportunities over emotional trades,” the IG analyst added.
“Everyone’s watching for dips — but not everyone will get a perfect entry point.”
How High Could Gold Go?
Opinions among major U.S. banks are sharply divided:
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JPMorgan forecasts a 20% rally, with gold potentially reaching $4,000/oz in the coming year.
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They cite stagflation, geopolitical instability, and global de-dollarization as key drivers.
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The bank also expects 2,800 tonnes of gold demand from central banks, institutions, and retail investors, creating a bullish environment.
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Citigroup, on the other hand, sees gold dropping to $2,500/oz, warning of a 25% correction due to changing global dynamics and potential slowdown in demand, particularly from China.
“This sharp divergence highlights uncertainty about future monetary policies and geopolitical strategies,” said the IG strategist.
Gold as a Strategic Pivot
Gold remains attractive not because it pays interest — but because it offers independence from central bank manipulation, inflation, and geopolitical shocks.
“Gold doesn’t offer yield. What it offers is autonomy in a world where politics, policy, and capital flows are increasingly unpredictable,” said Stephen Innes, Managing Partner at SPI Asset Management.
“This isn’t a hedge anymore — it’s a pivot. And that pivot is already underway.”
Desert Feed recommends that investors closely monitor market trends ahead of the July 9 U.S. tariff deadline, which could set the tone for gold’s next move.
