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Season of Wulfa launched in Dubai: What you need to know about it

The initiative reflects a broader vision to anchor cultural heritage within contemporary life while fostering social cohesion across communities

Gulf Business
Gulf Business

13 January, 2026

Season of Wulfa launched in Dubai: What you need to know about it
Image credit: WAM/Website

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Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, on January 12 launched the Season of Wulfa, a wide-ranging cultural initiative aimed at celebrating distinctive cultural occasions and reinforcing Emirati values.

The Season of Wulfa is designed to showcase local heritage, highlight values intrinsic to Emirati society, and strengthen Dubai’s position as a global destination that promotes tolerance, coexistence, and respect for cultures, according to a WAM report. The initiative reflects a broader vision to anchor cultural heritage within contemporary life while fostering social cohesion across communities.

Read more-First for the region: Middle East gets a bank account for content creators

As directed by Sheikh Hamdan, Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairperson of the Dubai Culture and Arts Authority (Dubai Culture), will lead and oversee the initiative. The season will feature a comprehensive programme of events and activities taking place across the emirate, engaging residents, citizens, and visitors alike.

Heritage, spirituality, and community at the core

Heritage is intrinsically linked to spiritual values, community bonds, local customs, and hospitality. These elements form the foundation of the Season of Wulfa, which draws on deeply rooted traditions that continue to shape social interaction and collective identity in the UAE.

Channeling this theme, the Season of Wulfa encompasses events and initiatives beginning on the 15th of Sha‘ban (Hag Al Leila) and extending through the Holy Month of Ramadan and the celebrations of Eid. These occasions embody distinctive traditions and cultural practices that resonate with the spirituality and rhythm of life in the UAE, offering moments of reflection, connection, and shared experience.

The initiative highlights three core pillars of Wulfa: reflection, connection, and blessing. Each pillar is expressed through customs steeped in social and spiritual meaning. Collectively, these practices foster harmony and cordiality among individuals and communities, narrowing cultural boundaries and reinforcing shared values.

A citywide programme with broad collaboration

Featuring more than 50 initiatives and events across over 30 locations in Dubai, the Season of Wulfa will unfold in neighbourhoods, markets, and cultural destinations throughout the city. The programme will be implemented in collaboration with a range of government entities, private sector partners, and local communities, underscoring a collective approach to cultural preservation and participation.

By offering a cultural and humanitarian platform, the Season of Wulfa is positioned to appeal to a broad audience. Citizens, residents, and visitors from around the world are expected to engage with the season’s offerings, which aim to boost cultural exchange while highlighting universal human values rooted in deep-seated traditions.

The initiative also seeks to raise community awareness about the importance of preserving time-honoured cultural practices. By strengthening the sense of belonging across diverse segments of society, the programme supports activities and initiatives that reinforce culture’s role in social cohesion.

Sheikh Hamdan: Preserving living memory strengthens society

Sheikh Hamdan bin Mohammed affirmed the importance of remaining open to innovative ideas and creative initiatives that bring individuals closer to their values, identity, and the wider community. He emphasised that the Season of Wulfa celebrates the UAE’s community ethos while preserving cultural heritage.

“This initiative celebrates the UAE’s community ethos while preserving our cultural heritage, enhancing the sense of belonging and harmony among community members, building cultural bridges, and ultimately reinforcing the cohesive spirit that forms the core of a society’s strength,” Sheikh Hamdan said.

“Our goal is to bring people closer, fostering deeper personal and social connections.”

He added that a society’s strength lies in its ability to preserve its living memory while transmitting values to new generations through contemporary approaches. According to Sheikh Hamdan, the initiative creates a space where the past meets the present, transforming customs and traditions into tangible experiences that inspire participation and collective responsibility.

By reinforcing pride in cultural roots, the Season of Wulfa enables the community to move confidently toward the future while maintaining a strong connection to its heritage.

Sheikha Latifa: Culture as a foundation for the future

Sheikha Latifa bint Mohammed emphasised that the events included in the Season of Wulfa, such as Hag Al Leila, Ramadan, Eid Al Fitr, and Eid Al Adha, are deeply rooted in humanitarian values that encourage positive interaction and harmonious coexistence among individuals, families, and communities.

She noted that the initiative focuses on building bonds and creating warm, shared moments that reflect the authentic spirit of Emirati culture. Through creative ideas and innovative experiences, the season blends rich local heritage with contemporary creativity.

“Dubai is distinguished by an approach that places cultural and social heritage at the heart of its priorities,” she said. She added that heritage represents a deeply rooted civilisational value that reflects collective history and serves as a foundation for shaping the future.

Guided by the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the emirate has established itself as a model of cultural harmony and a meeting point for diverse cultures.

A global model for coexistence and tolerance

Today, nearly 200 nationalities live and contribute to Dubai’s story, united by shared experiences, traditions, and living narratives. These connections link the community to the past while shaping a collective identity grounded in respect and belonging.

Sheikha Latifa noted that the Season of Wulfa reinforces Dubai’s position as a global model for coexistence, harmony, and tolerance. Drawing strength from shared moments of belonging, the initiative reflects values of generosity and human connection.

Through its three pillars, reflection, connection, and blessing, the Season of Wulfa expresses the depth of Emirati culture and the authenticity of its values. It offers an inclusive space that celebrates cultural heritage and community traditions, forming the civilisational foundation upon which Dubai has grown.

Renewing traditions for future generations

The season also seeks to renew the expression of community values in ways that resonate with contemporary audiences while inspiring future generations. It creates opportunities for creatives and talented individuals to share ideas and perspectives through celebrations that carry a universal message of tolerance.

The programme will feature innovative, multi-sensory cultural experiences that bring together heritage, spiritual values, community bonds, and contemporary lifestyles rooted in local customs and hospitality. These experiences reflect the true meaning of Wulfa, familiarity, closeness, and community, while strengthening social ties and showcasing cultural heritage in engaging and relevant ways.

A colloquial word with roots in classical Arabic, Wulfa is derived from the word ‘Ulfa,’ meaning familiarity and affection. The term signifies closeness and harmony between people and is commonly used in the UAE and parts of the Arab world to describe affection, comfort, and a sense of nostalgic connection among individuals.

Through the Season of Wulfa, these meanings are translated into lived experiences, reinforcing cultural identity while opening pathways for dialogue, understanding, and shared humanity.

Dubai and UAE visa reforms: what’s changed and why it matters

Dubai has linked visa renewal and cancellation processes with Dubai Police systems

Rajiv Pillai
Rajiv Pillai

13 January, 2026

Dubai and UAE visa reforms: what’s changed and why it matters
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The UAE is continuing to recalibrate its visa and residency framework as part of a broader push to attract talent, capital, tourists and long-term residents. Over the past year, Dubai and federal authorities have introduced a series of targeted reforms spanning golden visas, visit visas, digital processing and regional mobility, reinforcing the country’s ambition to remain one of the world’s most competitive destinations for work and investment.

Below is a breakdown of the most significant developments shaping the different types of UAE’s visa.

Golden visa privileges expand beyond residency

Holders of the UAE’s 10-year Golden Visa are now receiving benefits that go beyond long-term residency. In a move announced at GITEX Global 2025, the Ministry of Foreign Affairs, in coordination with the Federal Authority for Identity, Citizenship, Customs and Port Security, extended selected consular services to foreign Golden Visa holders when travelling abroad.

Previously reserved for Emirati nationals, these services are intended to offer additional support to long-term residents overseas, signalling a deeper integration of Golden Visa holders into the UAE’s institutional framework. Authorities described the move as unprecedented and aligned with the country’s “Year of Community” agenda.

New golden visa category targets philanthropy

Dubai has also expanded eligibility for Golden Visas by introducing a new category for donors supporting humanitarian and charitable causes. Under an agreement between the General Directorate of Residency and Foreigners Affairs Dubai and the Endowments and Minors Affairs Foundation, qualifying waqf donors can now be nominated for long-term residency as financial supporters of humanitarian work.

The category is open to both residents and non-residents, with nominations assessed against eligibility criteria set out in Cabinet Resolution No. 65 of 2022. The move reflects a broader effort to recognise social impact alongside economic contribution.

Visit visas broadened for specialised sectors

UAE's Golden Visa clarification issued: Authority denies rumours
Image credit: WAM

At the federal level, the UAE has introduced four new visit visa categories aimed at specialists and high-mobility sectors. These include visas for artificial intelligence professionals, entertainment industry participants, event attendees, and maritime tourism visitors such as cruise passengers and leisure boat travellers.

In parallel, authorities have revised several existing visa types, including humanitarian residence permits, visit visas for friends of UAE residents, and truck driver visas. The changes are designed to add flexibility while supporting fast-growing sectors linked to tourism, technology and events.

Read: UAE introduces new visa categories in sweeping 2025 reforms

Blue Visa launched for environmental contributors

The UAE formally launched the Blue Visa in early 2025, following its initial announcement the previous year. This 10-year residency visa is aimed at individuals who have made a measurable positive contribution to environmental protection and sustainability, either within the UAE or internationally.

Eligible candidates include environmental activists, researchers, global award winners, and members of international organisations focused on climate and conservation. Applications are available around the clock through federal digital channels, positioning sustainability as a long-term pillar of residency policy.

Unified GCC tourist visa moves closer to launch

One of the most closely watched developments is the forthcoming GCC unified tourist visa, officially branded as “GCC Grand Tours”. The Schengen-style visa will allow visitors to travel freely across all six Gulf Cooperation Council states using a single permit.

According to GCC officials, the visa is in its final approval stages, with a pilot phase expected to launch before the end of 2025. A digital application platform is planned, and UAE authorities have indicated that the initial rollout will begin on a trial basis before full implementation.

Sector-specific golden visas expand

Dubai has continued to deploy the Golden Visa as a tool to retain critical talent across key sectors. Nurses with more than 15 years of service in the emirate’s healthcare system have been granted 10-year residency visas, following a directive issued on International Nurses Day.

Educators have also been brought into the Golden Visa framework. Exceptional teachers in Dubai’s private education sector are eligible based on performance, institutional impact and broader contributions to education quality, with applications overseen by the Knowledge and Human Development Authority.

In the creative economy, influencers, photographers, writers and digital creators can now apply for long-term residency through Creators HQ, an initiative launched after the 1 Billion Followers Summit. The programme aims to support up to 10,000 content creators who demonstrate strong creative impact and growth potential.

AI-powered visa services go live in Dubai

Dubai has also rolled out an AI-enabled platform, Salama, to streamline visa renewals and related residency services. Launched by the General Directorate of Residency and Foreigners Affairs, the system allows residents to renew visas, manage sponsored dependants and access information within minutes, reducing processing times and administrative friction.

Visa renewals linked to traffic compliance

In a further step towards integrated digital governance, Dubai has linked visa renewal and cancellation processes with Dubai Police systems. Residents renewing or cancelling visas are now prompted to settle any outstanding traffic fines, either in full or through approved instalment plans, before completing immigration transactions.

While the system does not block visa processing outright, it reinforces compliance with local regulations and ensures liabilities are addressed before residency status changes.

Emaar and Lootah Biofuels launch sustainable yacht fuel in Dubai marinas

Under the collaboration, both marinas will begin supplying Sustainable Bio Yacht Fuel (SBYF) produced by Lootah Biofuels

Rajiv Pillai
Rajiv Pillai

12 January, 2026

Emaar and Lootah Biofuels launch sustainable yacht fuel in Dubai marinas
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Emaar Hospitality Group, in collaboration with Lootah Biofuels, has announced the rollout of a sustainable yacht fuel offering at Dubai Marina Yacht Club and Creek Marina Yacht Club, marking one of the first such initiatives in the GCC’s leisure marine sector.

The initiative positions both marinas among the region’s early adopters of sustainable biofuel solutions for recreational vessels, reinforcing Emaar’s practical approach to sustainability and its alignment with the UAE Net Zero 2050 vision.

Under the collaboration, both marinas will begin supplying Sustainable Bio Yacht Fuel (SBYF) produced by Lootah Biofuels. The fuel is derived from recycled cooking oil collected from hotels, residences, and Emaar’s integrated developments, creating a circular process that converts waste oil into marine-grade biofuel. Yacht owners will be able to access this lower-carbon alternative directly at their home marinas.

“Sustainability is at the heart of how we operate across our Marinas and Hospitality assets. By introducing Sustainable Bio Yacht Fuel, we are giving our members a tangible, responsible choice that aligns with the UAE’s Net Zero 2050 goals, while setting a new standard for eco-innovation in the leisure marine sector,” said Nicolas Belleton of Emaar Hospitality Group.

The introduction of SBYF will follow a phased operational rollout to ensure logistical reliability, consistent fuel quality, and long-term sustainability across marina operations. Dedicated refuelling points at Dubai Marina Yacht Club and Creek Marina Yacht Club will provide yacht owners and club members with convenient access to the new fuel.

By implementing this initiative across its marina portfolio, Emaar continues to adopt a measured, regionally relevant approach to decarbonisation, focusing on actionable and locally sourced solutions rather than broad sustainability claims. The collaboration also demonstrates how circular economy principles can be embedded into hospitality, leisure, and marine operations.

Lootah Biofuels will oversee the collection, processing, and supply of SBYF to both marinas. The company specialises in biodiesel blends derived from used cooking oil, with solutions that have demonstrated meaningful reductions in carbon emissions compared with conventional marine fuels.

“We are proud to partner with Emaar to bring Sustainable Bio Yacht Fuel to Dubai’s Leisure Marine sector. This initiative demonstrates how locally sourced waste materials can be transformed into high-value energy solutions, supporting both environmental and operational progress across the UAE,” said Yousif Saeed Lootah, CEO of Lootah Biofuels.

During the initial phase, sustainable fuelling operations at both marinas will be available on a scheduled basis, with the potential for expansion depending on demand and uptake. The initiative is expected to contribute incrementally to reducing CO₂ emissions associated with leisure marine activity in the region.

Dubai Marina Yacht Club already holds Fish Friendly and Clean Marina accreditations, underscoring its commitment to responsible marine practices. The marina has also introduced a sustainable drinking water initiative using air-water technology, which converts atmospheric humidity into potable water and has been supplying captains and crew for the past year. The launch of SBYF builds on this foundation, further advancing Emaar’s sustainability agenda within the marine leisure sector.

This move forms part of Emaar’s broader efforts to embed sustainability across its operations and offerings, providing yacht owners and members with a practical, environmentally responsible fuelling alternative.

“Our goal is to make sustainability actionable, not just aspirational. This partnership is a concrete step toward a cleaner, greener marine experience for all our guests,” Belleton concluded.

Inside Oman’s employment drive for citizens: 60,000 jobs across public, private sectors

By linking employment opportunities to priority sectors, the plan aims to ensure that citizens are equipped with skills that support employability

Gulf Business
Gulf Business

12 January, 2026

Inside Oman’s employment drive for citizens: 60,000 jobs across public, private sectors
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The Ministry of Labour in Oman has finalised a comprehensive national plan for employment and skills development, underscoring a strategic push to accelerate job creation and strengthen workforce competitiveness.

The plan is built on an integrated partnership framework involving the government sector, government-owned companies, and private sector establishments, aimed at implementing royal directives to provide 60,000 job opportunities for citizens during 2026.

According to the ministry, the plan reflects a coordinated national effort to align employment growth with economic priorities, while ensuring sustainability and quality across job opportunities. The initiative is designed to address labour market needs through a structured and data-driven approach that links employment pathways to sectors with high value added to the national economy, an Oman News Agency report said.

Read more-How Oman’s new digital banking regulations are reshaping the financial sector

The ministry clarified that the preparation of the plan was grounded in a precise analysis of labour market requirements. This approach seeks to enhance alignment between education and training outputs and the evolving needs of the national economy, contributing to improved efficiency and competitiveness of the Omani workforce.

By linking employment opportunities to priority sectors, the plan aims to ensure that citizens are equipped with relevant skills that support long-term employability. The emphasis on skills development reflects a broader objective of preparing the workforce to adapt to economic and technological transformations while meeting immediate market demand.

Government sector hiring focus

As part of the plan, 10,000 job opportunities will be provided in the government sector, covering civil, military, and security roles. These positions are allocated based on studied and actual needs, with the objective of enhancing the efficiency of the state’s administrative apparatus.

The ministry noted that this allocation will also contribute to improving the quality of public services, with particular attention given to vital sectors that carry developmental and service-related priorities. The targeted hiring is expected to strengthen institutional capacity while supporting broader national development goals.

In addition to direct government employment, 17,000 opportunities will be offered through government support pathways. These include wage support programmes, training linked to employment, and on-the-job training initiatives.

These pathways are designed to help job seekers acquire practical and professional skills required by employers, improve employability, and ensure sustainable integration into the labour market. The ministry emphasised that these programs play a critical role in bridging the gap between job seekers and available opportunities.

Private sector as the growth engine

The private sector, identified as the primary driver of employment and economic growth, will account for the largest share of the plan, with 33,000 job opportunities. These roles will be created through partnerships with private sector institutions and will be subject to direct supervision and follow-up by employment governance committees.

Opportunities span a wide range of strategic sectors, including industry, oil and gas, transport and logistics, tourism, banking, health, education, real estate development, information technology, communications, food security, public services, financial services, mining, retail, construction, and other sectors supporting economic diversification.

Minister highlights sustainable job creation

Dr Mahad Said Ba’awain, minister of labour, said the royal directives of Sultan Haitham bin Tarik reflect a forward-looking vision for building a balanced economy led by qualified Omani talent.

He stressed that the national employment plan goes beyond numerical targets, focusing instead on creating quality and sustainable jobs supported by training and qualification. He added that the plan is being implemented through clear performance indicators, precise governance mechanisms, and periodic follow-up to ensure transparency, efficiency, and maximum developmental impact.

Dr Ba’awain also highlighted the integration of employment, education, and training policies as a core pillar of the initiative. He called for broad cooperation across the economic ecosystem, emphasising that employment is a shared national responsibility and a cornerstone of sustainable development.

Binance appoints new regional head for Middle East, North Africa and Turkey

The appointment underscores Binance’s strategic focus on compliance-led growth and deeper collaboration with regulators and stakeholders

Rajiv Pillai
Rajiv Pillai

12 January, 2026

Binance appoints new regional head for Middle East, North Africa and Turkey
Tarik Erk/Image: Supplied

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Binance, the global cryptocurrency exchange, has appointed Tarik Erk as its new regional head for the Middle East, North Africa and Turkey (MENAT), in addition to assuming the role of senior executive officer for Abu Dhabi. The appointment reinforces Binance’s long-term commitment to the region as it continues to expand its regulated presence and advance the digital finance ecosystem.

Based in the UAE, Erk will oversee Binance’s strategic growth across MENAT, with a focus on regulatory engagement, market expansion and strengthening institutional trust. He brings more than a decade of experience spanning regulatory compliance, government affairs, product launches and regional scaling within the digital asset and financial services sectors.

Originally from Buffalo, New York, Erk began his career in traditional finance, holding roles at major institutions including JPMorgan Chase and Commerzbank, before entering the digital asset space in 2017 at Paxos in New York City. Prior to joining Binance, he served as general manager for the Middle East and Africa in the digital asset sector, where he played a key role in expanding regulated operations across the region.

Erk has also been recognised as one of the most influential figures in Singapore’s fintech ecosystem by FinTech Nation and previously served as a board member of the Singapore Cryptocurrency and Blockchain Industry Association.

“I am proud to take on this exciting opportunity at Binance as the company continues to navigate evolving regulatory frameworks and strengthen its presence across the MENAT region,” said Erk. “I look forward to exploring new growth opportunities and helping shape the future of digital finance within the region and beyond.”

The appointment underscores Binance’s strategic focus on compliance-led growth and deeper collaboration with regulators and stakeholders, as MENAT continues to position itself as a global hub for digital assets, blockchain innovation and financial technology.

Read: Binance achieves major regulatory breakthrough with ADGM approval

Planning to buy gold? What you should know about prices in 2026

Analysts attribute this frenzy to a complex interplay of factors ranging from geopolitical conflicts to domestic policy uncertainty and market mechanics

Nida Sohail
Nida Sohail

12 January, 2026

Planning to buy gold? What you should know about prices in 2026
Image credit: Getty Images

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The start of 2026 has seen an unprecedented surge in gold prices, capturing the attention of investors worldwide. On Monday, January 12, gold breached $4,600 per ounce for the first time in history, marking a new milestone in the metal’s storied journey as a safe-haven asset.

Silver followed suit, hitting record levels, as investors sought refuge from growing geopolitical tensions and unexpected domestic developments.

The volatility has been remarkable: within the first two weeks of the year, gold has swung from sharp gains fueled by international crises to temporary pullbacks triggered by routine financial maneuvers and profit-taking.

Analysts attribute this frenzy to a complex interplay of factors ranging from geopolitical conflicts to domestic policy uncertainty and market mechanics.

Read more-Gold prices fall: Could the commodity index shake-up be the cause?

Events such as the US capture of Venezuelan President Nicolas Maduro, investigations into federal reserve chair Jerome Powell, and weaker-than-expected US employment data have converged to create a highly volatile yet bullish environment for gold. As a non-yielding asset, gold has historically thrived in periods of economic uncertainty and low interest rates, a trend that seems set to continue as the new year unfolds.

Below, we examine the key factors that have been driving gold prices in 2026, each shedding light on why investors are flocking to the yellow metal with renewed urgency.

1-Geopolitical tensions and safe-haven demand

The early days of 2026 were dominated by escalating geopolitical events, most notably the US capture of Venezuelan President Nicolas Maduro. This operation, which reportedly resulted in civilian casualties, sent shockwaves through global markets. Investors flocked to gold as a safe-haven asset, seeking protection from the fallout of political instability and potential conflicts.

“Precious metals traders see more risk on the horizon than stock and bond traders do at present,” noted Jim Wyckoff, senior analyst at Kitco Metals. The US-Venezuela situation alone prompted significant buying, pushing gold closer to its record high of $4,549.71 set in late December. Tim Waterer of KCM Trade also emphasized that the events in Venezuela reignited demand for gold and silver as investors sought protection against escalating geopolitical risks.

2-US Federal Reserve leadership and Powell investigation

Another factor contributing to gold’s meteoric rise is domestic uncertainty surrounding the Federal Reserve. A criminal probe into Federal Reserve Chair Jerome Powell added a layer of unpredictability to US monetary policy, causing futures markets to waver. Tim Waterer remarked, “US futures turned lower on the Powell news, which was a green light for gold to take a run higher.”

Investors interpreted the Powell investigation as increasing the likelihood of a more dovish Fed stance, with potential interest rate cuts in the pipeline. Lower rates reduce the opportunity cost of holding non-yielding assets like gold, further stimulating demand. Morgan Stanley projected that, with falling interest rates and robust central bank purchases, gold prices could reach $4,800 by the fourth quarter.

3-Weak US employment data

US economic data, particularly the December non-farm payrolls report, also played a crucial role in shaping gold trends. Job creation fell short of expectations, rising by only 50,000 instead of the projected 60,000, though unemployment eased slightly to 4.4 per cent.

Bart Melek, global head of commodity strategy at TD Securities, noted, “Payrolls are showing us a poor job creation environment. Potentially more geopolitical tension, somewhat higher oil prices, which are inflationary, uncertainty, and an easing Fed, all a combination for precious metals.” The data reinforced expectations of at least two Fed rate cuts in 2026, creating a historically favorable backdrop for gold.

4-Commodity index rebalancing and market mechanics

Not all moves in gold prices were driven by external crises. Internal market mechanisms, such as the annual Bloomberg Commodity Index rebalancing, exerted short-term pressure on bullion. On January 8, gold prices fell as futures tied to the index were sold off to realign with the broader commodity market.

Ole Hansen of Saxo Bank explained, “Over the next five days, COMEX futures could see selling in the region of $6 to $7bn in each metal.”

Additionally, a stronger US dollar made gold more expensive for overseas buyers, adding to the downward pressure during the rebalancing period. Such technical adjustments temporarily offset safe-haven buying, creating short-lived dips in an otherwise bullish trend.

5-Profit-taking by investors

Even amid soaring prices, profit-taking contributed to short-term gold price fluctuations. On January 7, spot gold dropped 0.9 per cent as investors booked gains after the recent rally. David Meger of High Ridge Futures explained, “We’re viewing today’s pullback as general profit taking after that recent surge.”

These temporary declines were mitigated by softer employment data and expectations of Fed easing, which continued to support prices overall. The result is a market characterised by sharp swings rather than a smooth ascent, reflecting both enthusiasm and caution among traders.

6-US-Venezuela oil developments

Further complicating the market picture was the reassessment of US-Venezuela relations and oil policy. Following the capture of Maduro, US President Donald Trump announced plans to refine and sell up to 50 million barrels of Venezuelan oil previously blocked under sanctions.

Jamie Dutta of Nemo.money noted, “Some profit-taking and reassessment of the Venezuelan situation especially seems in order.” The temporary easing of geopolitical premiums, combined with a stronger dollar, weighed on gold prices in the immediate aftermath. However, the underlying uncertainty continues to provide a bullish foundation.

Key insights

Gold’s historic breach of $4,600 per ounce in early 2026 is the result of a rare convergence of geopolitical upheaval, domestic policy uncertainty, economic weakness, technical market dynamics, and investor behavior. From the capture of a foreign leader to scrutiny of the federal reserve chair, each factor has created waves of safe-haven demand that have propelled the metal to unprecedented heights.

As analysts track these developments, one thing is clear: gold remains a powerful barometer of global risk and investor sentiment, and the first weeks of 2026 have underscored its enduring role as a refuge in times of uncertainty.

(With insights from Reuters)

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