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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold shines in Dubai as trade said to hit record $70bln in 2012

Posted on 25 March 2013

Dubai’s gold trade is estimated to have exceeded $70 billion in 2012, hitting record highs as more of the precious metal is exchanged and stored in the emirate. Official figures show the gold trade was worth around $56 billion in 2011, and the figure for last year is estimated to be at least 25 percent higher.
Ahmed Bin Sulayem, executive chairman of the Dubai Multi Commodities Centre (DMCC), attributed the rise to greater confidence in the market and the trading infrastructure in the emirate………………………………………..Full Article: Source


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