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Dubai gold trades at discount to London due to flight disruptions
Gold in Dubai is trading at a discount to London as flight constraints caused by the Middle East conflict keep more bullion in the local market, while demand remains subdued amid uncertainty over the length of the war, analysts and traders said. Flows of physical gold through Dubai — a major global trading hub supplying Switzerland, Hong Kong and India — have been disrupted for 10 days as the U.S.–Israeli war on Iran triggered widespread passenger flight cancellations across the Middle East. "The market remains at a discount, but in thin trade the variation is wide, ranging from about $10 to ... (full story)