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2026-03-23 21:00:50 UTC

captjack on Nostr: Pre-War Share Estimates Reports indicate Dubai accounted for 20–30% of annual ...

Pre-War Share Estimates

Reports indicate Dubai accounted for 20–30% of annual global gold trade, positioning it among the top three hubs alongside Switzerland and London. Other sources cite around 25% of worldwide physical gold #trade, much of which flowed through the Dubai Multi Commodities Centre (DMCC).
Context on the War
The war disrupted Dubai's #gold flows via grounded flights and shipping issues. These pre-war figures (from 2024 data) reflect Dubai's peak as a key #transit and #refining hub.

CME Chicago has now upper hand in PRICE CONTROL for now till matter on physical flow is sorted out.

This is good opportunity new #AFRICAN refineries in WEST - Ghana Mail Faso

Australia's logistics in also severely impacted by jet fuel shortage.

Available stock at retail market will tell real value story in fact in each country - localized