Dubai Gold Market experiences delays due to logistics disruptions, with traders selling at discounts of up to $30 per ounce.

GateNews

2026-03-07 15:28:44

Gate News reports that on March 7, safe-haven assets like gold continued to fluctuate at high levels this week. During the initial outbreak of the conflict, gold prices surged significantly, then declined with volatility. As one of the world’s major gold trading hubs, Dubai’s local gold market saw a noticeable increase in trading volume this week, with some investors shifting funds into gold and other safe-haven assets. Meanwhile, due to flight cancellations and logistical disruptions, a large amount of gold remains stranded in Dubai. Some traders are beginning to sell gold at discounts of up to $30 per ounce below the London benchmark price.

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