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Middle East conflict disrupts logistics, Dubai Gold is sold at a rare discount
Deep Tide TechFlow News, March 7th, according to Cailian Press, due to the Middle East conflict, UAE airspace is closed and logistics are disrupted, causing a large amount of gold to be stranded in Dubai. Traders are forced to sell at a discount of $30 per ounce below the London benchmark price, with transportation costs soaring 60%-70% compared to pre-war levels. As a major global gold trading hub, Dubai’s logistics disruption has led to tighter physical supply for key buyers like India, and some refinery raw material supplies have also been affected.