Dubai, Feb. 17 -- Gold prices in Dubai, United Arab Emirates (UAE), rose on Monday, February 17, as markets opened for the first trading day of the week.

According to the Dubai Jewellery Group, the gold prices in both the morning and afternoon on Monday remained unchanged compared to the closing rates on Sunday evening, February 16.

Gold price overview for February 17 in Dubai

In global markets on Monday morning, spot gold traded at 2,901.11 US dollars per ounce, marking a 0.59 percent increase.

The surge in gold prices is attributed to factors such as the weakening US dollar, recent declines in US retail sales, and investor concerns over potential trade conflicts arising from President Donald Trump's proposed reciprocal tariffs, Reut...