Large quantities of gold are stranded in Dubai and being sold at discounted prices.
PANews, March 7—According to a report by CCTV Finance, the prices of safe-haven assets such as gold have continued to fluctuate at high levels this week. Gold prices rose significantly at the onset of the conflict, then declined amid volatility. As one of the world's major gold trading centers, Dubai's local gold market saw a notable increase in trading volume this week, with some investors shifting their funds to gold and other safe-haven assets. Meanwhile, due to flight suspensions and disrupted logistics channels, a large amount of gold has been stranded in Dubai. The report states that some traders have started selling gold at discounts of up to $30 per ounce below the London benchmark price.
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