UAE Gold Prices Fall as Inflation Fears Cloud Rate-Cut Outlook

Gold prices in the United Arab Emirates opened lower on Saturday, October 24, 2026, following a weekly decline in the global bullion market.

The retreat came against a backdrop of rising oil prices and mounting inflation concerns, which have weighed on expectations for interest-rate cuts.

Higher energy costs can add to inflationary pressure, making it harder for central banks to ease monetary policy. The prospect of rates staying elevated for longer can reduce the appeal of gold, which pays no interest.

The UAE market’s weaker start reflected that broader pressure on the precious metal. The supplied update did not provide local prices by purity or specify the size of the decline.