Gold traders in Dubai are offering discounts of up to $30 per ounce as the ongoing Middle East conflict disrupts flights and delays shipments from the region’s major trading hub.
According to Bloomberg, restricted airspace and missile-related security... moreGold traders in Dubai are offering discounts of up to $30 per ounce as the ongoing Middle East conflict disrupts flights and delays shipments from the region’s major trading hub.
According to Bloomberg, restricted airspace and missile-related security concerns have caused logistics bottlenecks, leaving several cargo shipments stranded.
Since gold is usually transported in the cargo holds of passenger flights, suspended or limited air traffic has impacted the bullion trade.
Some buyers have paused new orders due to delivery uncertainty. Dubai remains a major global gold hub, importing 1,392 tons worth over $100 billion in 2024, supplying key markets like India.
