Gold Rebounds Above $4,000 After Weekly Selloff, But Six-Month Losses Reach 19%

Dubai | EcoPulse24

Gold Recovers After Breaking Below $4,000

Gold ended the week at $4,089 an ounce, recovering in its final session after briefly falling below the $4,000 level during a volatile week for precious metals.

According to Masadir Economics data, spot gold rose 1.60% in the latest session, gaining $64.23, but the rebound was not enough to erase the broader decline recorded over the week.

Short-Term Bounce, Longer-Term Pressure

Despite the late recovery, gold remained under pressure across longer time frames. The metal ended the week down 2.01%, while losses reached 8.08% over one month and 19.09% over six months.

Local Prices Hold After Global Market Close

With global bullion markets closed until Asian trading resumes early Monday UAE time, retail gold prices across Middle Eastern markets are expected to remain broadly anchored to the latest spot close, unless local currency or dealer pricing changes.

In the UAE, 21-karat gold stood at AED 422.45 per gram on a spot basis, while 18-karat gold stood at AED 362.10. In Egypt, 21-karat gold was at EGP 5,697.27, while in Jordan it stood at JOD 81.56.

EcoPulse24 Analysis

Gold’s recovery above $4,000 shows that buyers returned after a sharp weekly selloff, but the broader trend remains fragile. A one-day rebound does not yet reverse the deeper correction shown across monthly and six-month data.

The next signal will come when Asian markets reopen on Monday. Investors will be watching whether gold can hold above the $4,000 level and build on the late-week recovery, or whether the move proves to be a technical bounce within a wider downtrend.