Gold Prices Soften in Bahrain

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Gold prices edged lower on Friday as a combination of a strengthening U.S. dollar and technical index rebalancing offset recent momentum. Despite a 0.2% dip to US$4,469.03 per ounce (BHD 1,684.82), bullion remains on track for a weekly gain of over 3%, having recently touched a record high of US$4,549.71 (BHD 1,715.24) in late December. A decline is mirrored in the Bahraini market, where 24K gold is currently priced at BHD 54.60 per gram.

Investor focus now shifts to the release of U.S. non-farm payrolls data, with economists forecasting modest job growth and a slight decline in the unemployment rate to 4.5%. While these immediate pressures have sparked some profit-taking, the long-term outlook remains bullish. Experts suggest that persistent geopolitical tensions and rising global debt could propel gold prices to US$5,000 an ounce (BHD 1,885.00) by the first half of 2026. Similarly, while silver and platinum saw slight declines on Friday, both metals are finishing the week with strong gains following their own recent record-breaking performances.