24K slipped to Dh354.75 per gram, down from Dh355.0 per gram at the close of the markets on Wednesday. It jumped Dh3.5 per gram yesterday.

The Safe-Haven Asset

Gold has long been viewed as a safe-haven asset, and its popularity endures in times of economic uncertainty. The reasons for this are multifaceted, and can be attributed to several key factors. • Historical performance: Gold has consistently demonstrated its ability to maintain value during periods of economic turmoil, making it a reliable store of wealth. • Diversification: Investing in gold provides a diversification benefit, as its performance is not directly correlated with other asset classes, such as stocks or bonds.