Gold prices surge to $4,467.80 as investor demand soars amid interest rate cut expectations
Gold prices climbed on Tuesday, reaching $4,467.80 per troy ounce, up 0.36 percent from the previous day, driven by investor bets on further U.S. Federal Reserve interest rate cuts. This momentum extended gold’s remarkable 68 percent year-over-year gain, building on a record high of $4,794.85 hit in December 2025. Market observers noted bolstered safe-haven demand amid geopolitical tensions and economic uncertainty.
Spot gold rose to $4,457.54 per troy ounce, reflecting a 0.37 percent daily increase and a 5.65 percent gain over the prior month. This uptick followed a brief pullback from late-2025 peaks, with renewed buying kicking off the year strong after gold’s 65 percent annual surge in 2025. Futures also advanced, aligning with spot trends amid heightened trading volume on major exchanges like COMEX.
The rally coincided with a general rise in commodity prices, with silver and platinum also experiencing gains earlier in the week. Silver jumped 2.38 percent to $78.59, and platinum increased by 0.85 percent to $2,307.50.
In the UAE, gold rates increased slightly on Tuesday, with 24-carat gold rising by AED2.00 to reach AED538.25. Similarly, 22-carat and 21-carat gold saw gains of AED1.75, bringing them to AED498.25 and AED477.75, respectively. Moreover, 18-carat gold rose by AED1.50 to AED409.50.
Gold’s structure remains bullish above $4,133.95, targeting $4,381 to $4,420 if the U.S. dollar weakens below 101.5. Support is established at $4,075.58, with dips offering buying opportunities. Forecasts vary: stabilization is expected between $4,000 and $5,000, depending on Fed decisions and bank purchases.
Source: economymiddleeast
