Mohamed El-Ghabari, CEO of the Economic Academy in Dubai, said that gold prices have returned to rise slowly during the current period after recording unprecedented record levels.
El-Ghabari added that there are factors that enhance the rise in gold prices in the coming period, including concerns about the weakness of the dollar, the decline in U.S. bond yields, and concerns about the weakness of the U.S. economy, according to Al Arabiya.
He explained that expectations of a cut in U.S. interest rates by 2026 after the recent cut of 25 basis points support the price of gold, as the Federal focuses on the labor market after a decline in inflation rates.
He noted that geopolitical tensions also contribute to supporting the rise in gold in the upcoming period, even if only to a limited extent.
El-Ghabari stated that gold prices can achieve new historical peaks in 2026 given the crises faced by the global economy and the concerns of slowdown that have driven investors to turn to precious metals.
He added that a decline in the gold price below the level of $4200 per ounce signifies the start of a correction wave, but the prices will rise again above the level of $4380 per ounce.
