Gold prices in Dubai dropped by Dh1 per gram on Wednesday morning, following a global decline in the precious metal's value due to a robust US dollar. The 24K gold was priced at Dh280.5 per gram in the morning, compared to Dh281.5 at the market close on Tuesday. Other variants saw 22K at Dh259.75, 21K at Dh251.5, and 18K at Dh215.5 per gram. Globally, gold prices dipped by 0.14% to $2,317.03 per ounce at 9.17 am UAE time. George Khoury, from CFI, noted that gold prices have been stagnant as investors anticipate key US inflation data, which could affect the Federal Reserve's interest rate decisions. The data includes the US core PCE index, consumer spending and income, Q1 GDP growth, and the goods trade balance. San Francisco Fed Bank President Mary Daly stressed the importance of not lowering rates until inflation consistently targets 2%. Upcoming speeches from Fed Governors and elections in France and the UK are causing investor concerns, potentially influencing gold prices amidst global uncertainties.