Gold prices in Dubai saw a rebound in early trading on Friday, recovering some of the previous day's losses amidst persistent volatility influenced by the ongoing conflict in the Middle East.

• The price of 24-karat gold rose by over 6 dirhams per gram to 618 dirhams (168 U.S. dollars).
• Analysts, including Chief Investment Officer Vijay Valecha of Century Financial, attribute volatility to renewed inflation concerns from surging oil prices and a stronger dollar.
• Despite exchange-traded funds being net sellers of gold, cutting holdings by 100,293 troy ounces, net purchases for the year remain positive at about 1.82 million ounces.