đš CHAOS IN DUBAIâS PRECIOUS METALS MARKET đš
đ„ Gold & Silver Hit by Heavy Selling đ„
Dubai markets were rocked as gold and silver saw sharp sell-offs, wiping out recent gains and flipping bullish sentiment into outright fear. What looked unstoppable earlier this week has reversed fast.
đ Gold Slides Hard Gold broke below the key Dh600 per gram level and continued falling into Saturday:
đ» 24K Gold: Dh589.5/gram
âŹïž From a peak of Dh666 just days ago
đŁ Drop: Dh76.5 per gram in only 48 hours
Other purity levels followed the downturn:
22K: Dh545.75
21K: Dh523.25
18K: Dh448.5
14K: Dh349.75
đ On the global stage, gold slipped to around $5,000 per ounce, sparking intense profit-taking and rattling investor nerves.
đ„ Silver Takes a Beating Silver didnât just fallâit collapsed: â ïž Down 34%
đ„ -$40 per ounce
Volatility surged as traders rushed to cut exposure, turning the market disorderly.
đŹ The big question now:
Is this a normal reset after a parabolic runâor the early signal of a deeper breakdown?
With confidence shaky, liquidity tightening, and uncertainty dominating, caution is back in control.
đ Stay sharp. Manage risk.
