UAE: When can you buy gold at a cheaper rate? Prices to fall before end of 2023

Gulf News

With the price of gold hovering at record-high levels of late, public demand for such jewellery has been dropping as costs became well out of reach for buyers in the UAE, and beyond. But when are prices next expected to turn affordable?  Read the full story here: https://gulfnews.com/your-money/saving-investment/uae-when-can-you-buy-gold-at-a-cheaper-rate-prices-to-fall-before-end-of-2023-1.1691415137601  See more videos at https://gulfnews.com/videos Read more Gulf News stories here: https://bit.ly/2HLJ2km  Subscribe to Gulf News on YouTube and watch more of our videos: https://www.youtube.com/user/GulfNewsTV  #UAEnews #Dubai #gold

Transcript

00:00The demand for gold jewellery has dropped because costs have gotten well out of reach

00:05for UAE buyers and beyond.

00:07So when are prices expected to be affordable next?

00:11With prices currently at record high levels, analysts foresee a drop just before the year

00:15end.

00:17So should you postpone your gold shopping right before the year ends or towards the

00:21start of 2024?

00:24Given that prices are currently at unsustainably high levels, it would be cost effective to

00:28do so.

00:29And if you're an investor looking to book short-term profits and sell your gold right

00:33now, it would be prudent to do so as well.

Category

Transcript

Comments

Recommended