Gold prices experienced a drop of almost Dh2 per gram as markets opened in Dubai on Thursday, erasing the previous day's gains. The 24K gold in the UAE was priced at Dh280.0 per gram at 9 am UAE time, a decrease from Dh281.75 at the market close on Wednesday. The other variants, 22K, 21K, and 18K, were trading at Dh259.25, Dh251.0, and Dh215.0 per gram respectively. Globally, gold was priced at $2,311.46, marking a 0.41% decline. Naeem Aslam, the chief investment officer at Zaye Capital, noted that gold prices surged significantly on Wednesday due to US data. He believes that gold traders are optimistic about future US data releases, suggesting an upward trend for gold prices. Daniel Takieddine, CEO of BDSwiss in the Mena region, mentioned that gold could gain support as a safe-haven asset due to increasing political uncertainties in Europe, particularly following French President Emmanuel Macron's call for snap elections, which has intensified political uncertainty in France, the eurozone's second-largest economy.