Gold prices, which recently soared to an unprecedented $4,500 per ounce, have experienced a slight decline, closing at $4,080.78 over the weekend. This 2.62% drop is attributed to profit-taking by investors. In the UAE, 24K and 22K gold were trading at Dh492.25 and Dh455.5 per gram, respectively. Despite the current dip, market analysts predict a potential resurgence, with prices potentially revisiting the $4,500 mark in the near future. Amir Boucetta, a marketing team leader at CPT, anticipates a temporary decline to $3,700-$3,800 before a bullish recovery. He emphasizes that this correction is healthy and advises investors to focus on fundamentals rather than panic selling. Komalpreet Kaur of XtremeMarkets highlights a gradual recovery, projecting gold could reach $5,000 by 2026-27, driven by factors such as US tariffs, China’s gold reserves buildup, and the US economy. Alex Kuptsikevich, chief market analyst at FxPro, notes that the US dollar’s weakness and Federal Reserve’s monetary policies have historically favored gold. However, he warns of potential volatility, as recent market trends suggest a shift in sentiment. Despite short-term fluctuations, the long-term outlook for gold remains optimistic, supported by global economic uncertainties and central bank activities.