Gold prices in Dubai: Will 24K hit Dh600 per gram again?

Gold prices crossed Dh550 per gram in Dubai over the weekend as the precious metal hit a 90-day high on bullish technicals and a weaker dollar. The 24K gold price has risen approximately Dh70 per gram in Dubai in August so far. But will the precious metal price reach Dh600 again, the level it achieved in late January 2026? Analysts say both bullish and bearish factors such as the Middle East war,…