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Swiss pressure against UAE gold imports causes sharp rebuttal from Dubai
There have been some intriguing new developments in the ongoing competitive confrontation between the United Arab Emirates (UAE) / Dubai gold market and the incumbent ‘western gold market’ (centred on the LBMA London gold market and the LBMA Swiss gold refineries). Readers may recall some previous BullionStar articles on this theme, such as “”, 24 November 2020, and “”, 18 June 2021. While the latest intrigue involves the economic arm of the Swiss Government taking a swipe at the UAE / Dubai gold sector via a warning to the big Swiss gold refineries, these latest developments are best viewed in the wider ... (full story)