According to gulfnews.com, the gold market in Dubai witnessed a continuous decline in prices on Tuesday, marking the third consecutive day of this trend. The weekly drop in prices reached 55 dirhams per gram, causing the precious metal to fall below the 500 dirham level. This price decrease was attributed to weakening global gold rates and local traders adjusting prices to reflect international demand. At the beginning of Tuesday, the price of 24-carat gold reached 481.25 dirhams per gram, but this rate quickly fell to 470.50 dirhams. Subsequently, prices improved somewhat, reaching 474.75 dirhams by the evening. Additionally, 22-carat gold, favored by many buyers, was trading at 445.50 dirhams at the start of the day but dropped to 435.75 dirhams in the afternoon, ultimately closing at 439.50 dirhams. This downward trend indicates a broader retreat in global gold markets. Following a sharp sell-off on Monday, gold prices fell below 4000 dollars per ounce, declining by 1.6 percent in the previous session to reach 3949 dollars. This situation suggests that investors are cautiously responding to signs of progress in U.S.-China trade negotiations, which has diminished the appeal of safe-haven assets. In this context, many buyers and investors in Dubai are concerned about the future of prices and are closely monitoring global developments. The gold market in Dubai, as one of the key centers for buying and selling gold in the Middle East, is always influenced by global fluctuations. For more images and additional information, please refer to the news source.