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Middle East tensions stall gold and silver shipments in Dubai
Flights carrying gold and silver to and from Dubai have been grounded amid the ongoing conflict in the Middle East, creating significant disruptions to global bullion flows and leading to challenges within the precious metals industry. The United Arab Emirates (UAE) plays a crucial role in the metal market, especially in refining and exporting gold to Asian buyers and acting as a conduit for shipments from Switzerland and London, reported Bloomberg. However, the recent wave of Iranian missile attacks prompted a partial closure of UAE airspace, halting operations at Dubai’s airports and affecting shipments ... (full story)
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