Gold continued trading near historic highs in February 2026, following an exceptional rally that began in late 2025 and accelerated in January. Throughout most of the month, prices remained above the $4,900–$5,100 per ounce range.
These global record levels were reflected in the UAE gold market, where 24K gold hovered around the key psychological level of AED 600 per gram, fluctuating between approximately AED 580 and AED 622 during the first weeks of February.
Global Gold Performance in February 2026
Market data shows gold traded between a low of approximately $4,500–$4,550 per ounce and a high of $5,100–$5,150 during February. This followed a strong correction after gold reached an all-time record above $5,600 in late January.
Despite volatility, gold achieved:
- Monthly gains of approximately 1.8–2%
- Annual gains exceeding 70% compared to the same period last year
Key Global Drivers
Geopolitical Uncertainty
Ongoing tensions, particularly in the Middle East, continued to support gold’s role as a safe-haven asset.
Interest Rate Expectations
Anticipation of potential US Federal Reserve rate cuts later in 2026 pressured the US dollar and supported non-yielding assets like gold.
Central Bank Buying
Central banks maintained strong gold purchases throughout 2025 and early 2026 as part of reserve diversification strategies away from the US dollar.
Gold Prices in UAE and Dubai – February 2026
In the UAE, gold prices remained closely linked to global movements, with AED 600 per gram acting as a key psychological resistance and support level.
Price Overview
Early February
- 24K gold: AED 589–596 per gram
- 22K gold: AED 545–552 per gram
Mid-February
- 24K gold briefly exceeded AED 610
- Later corrected to approximately AED 594.5
- 22K gold averaged around AED 550.5
February 23, 2026
- 24K gold reached approximately AED 622.5 per gram
- 22K gold reached approximately AED 570 per gram
This price behavior confirms that AED 600 has become a major psychological level influencing investor and consumer decisions in Dubai and across the UAE.
Many buyers prefer waiting when prices exceed this level and return when prices fall to the AED 570–590 range.
Key Factors Influencing Gold Prices
Federal Reserve Policy
Statements indicating interest rates may remain elevated for some time created mixed market sentiment and price volatility.
Global Political Risks
Rising geopolitical risks increased gold’s appeal as a hedge against uncertainty.
Institutional Forecasts
Some major financial institutions expect gold to reach:
- $5,200–$6,000 per ounce by late 2026
While others forecast average levels between:
- $4,700–$4,800 per ounce
Investment Analysis: Is It Still a Good Time to Buy Gold?
Long-Term Outlook Remains Bullish
Gold remains a strong hedge against inflation and currency depreciation.
Central bank buying continues to support long-term demand.
Financial experts typically recommend allocating:
10–20% of an investment portfolio to gold, depending on risk tolerance.
Key Risk: Buying Near Historic Highs
Buying at elevated levels near:
- $5,000+ per ounce
- AED 600+ per gram in Dubai
carries correction risk of 10–15%.
Smart Strategy: Gradual Buying
Investors in UAE may consider:
- Buying gradually during price dips
- Targeting AED 570–590 per gram levels
- Avoiding full investment at peak prices
Gold Price Forecast Scenarios for 2026
Bullish Scenario
If geopolitical tensions continue and interest rates decline:
Gold may exceed:
- $5,500 per ounce
- Potentially approach $6,000
Correction Scenario
If economic conditions stabilize or interest rates remain high:
Gold may correct toward:
- $4,400–$4,600 per ounce
before resuming long-term growth.
Investment Insight – Delor Gold & Silver
Delor Gold & Silver believes current gold prices reflect a combination of strong fundamental and psychological factors.
Gold should not be treated as a short-term speculative asset, but rather as:
- A hedge against inflation
- A long-term strategic investment
The company recommends:
- Gradual buying during corrections
- Avoid investing all capital at one price level
- Aligning gold investments with personal financial goals
It is also important to distinguish between:
- Buying gold jewelry for personal use
- Buying gold purely for investment purposes
Each requires a different strategy.
Investors who followed the market earlier this year already witnessed the beginning of the uptrend. You can review the complete market shift in our Gold Price in the UAE – January 2026
Why Choose Delor Gold & Silver as Your Investment Partner
As a leading precious metals company in the UAE, Delor offers:
- Certified gold bars from global brands including PAMP Suisse and Emirates Gold
- Full transparency and guaranteed purity
- Competitive pricing for investors and traders
- Supply from 1 gram to 1 kilogram bars
Visit:
Or contact:
info@delor.ae
Disclaimer
This content is for informational purposes only and does not constitute financial advice. Investors should consult licensed financial advisors before making investment decisions.
FAQ
Is now a good time to buy gold in UAE?
Gradual buying during price dips is generally considered a safer strategy.
Will gold continue rising?
Gold may continue rising if interest rates decline and global uncertainty persists.
