UAE Gold Prices August 30 2026

On Sunday, August 30, 2026, gold prices in the UAE experienced a slight decline across all denominations compared to the previous week's closing prices. This was driven by global market reactions to statements made by the US Federal Reserve Chairman, which heightened expectations of an interest rate hike in September. As a result, the price of an ounce of gold dropped to approximately $4,455, and prices for various denominations ranged between $107.4 and $143.2. Market forecasts also indicated a rising probability of the US interest rate being increased to around 58% in September and 89% in December, exerting pressure on the precious metal's price.

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