PANews reported on March 7th that, according to Cailian Press, with the Middle East war causing flight cancellations and logistical disruptions, large quantitiesPANews reported on March 7th that, according to Cailian Press, with the Middle East war causing flight cancellations and logistical disruptions, large quantities

Large quantities of gold stranded in Dubai are being sold at a discount.

2026/03/07 13:50
1 min read
For feedback or concerns regarding this content, please contact us at [email protected]

PANews reported on March 7th that, according to Cailian Press, with the Middle East war causing flight cancellations and logistical disruptions, large quantities of gold stranded in Dubai are being sold at significant discounts. Sources revealed that due to exceptionally high transportation and insurance costs, and the inability to guarantee timely delivery, many buyers have suspended new purchase orders. As a result, under pressure from indefinitely incurring storage and financing costs, traders have begun selling gold at discounts of up to $30 per ounce below the London benchmark price. Sources said that although some gold shipments were loaded onto flights departing Dubai starting in the middle of this week, many shipments remained stranded as of Friday.

The United Arab Emirates, particularly Dubai, is a major global center for gold refining and trading, exporting gold not only to various parts of Asia but also serving as a crucial transit hub for gold from Switzerland, the United Kingdom, and several African countries. Due to the escalating conflict in the Middle East, parts of the UAE's airspace have been closed; meanwhile, the military strikes launched by the United States and Israel against Iran have entered their seventh day, with no end in sight.

Market Opportunity
Major Logo
Major Price(MAJOR)
$0.06078
$0.06078$0.06078
+1.28%
USD
Major (MAJOR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week

Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week

TLDR Bitcoin ETFs recorded their strongest weekly inflows since July, reaching 20,685 BTC. U.S. Bitcoin ETFs contributed nearly 97% of the total inflows last week. The surge in Bitcoin ETF inflows pushed holdings to a new high of 1.32 million BTC. Fidelity’s FBTC product accounted for 36% of the total inflows, marking an 18-month high. [...] The post Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week appeared first on CoinCentral.
Share
Coincentral2025/09/18 02:30
Today’s NYT Pips Hints And Solutions For Thursday, September 18th

Today’s NYT Pips Hints And Solutions For Thursday, September 18th

The post Today’s NYT Pips Hints And Solutions For Thursday, September 18th appeared on BitcoinEthereumNews.com. It’s Thursday and I am incredibly sore and tired after really hitting the weights and the yoga mat hard this week. Sore is good! It takes pain to reduce pain, or at least that’s my experience with exercise. We must exercise our minds as well, and what better way to do that than with a fun puzzle game about placing dominoes in the correct tiles. Come along, my Pipsqueaks, let’s solve today’s Pips! Looking for Wednesday’s Pips? Read our guide right here. How To Play Pips In Pips, you have a grid of multicolored boxes. Each colored area represents a different “condition” that you have to achieve. You have a select number of dominoes that you have to spend filling in the grid. You must use every domino and achieve every condition properly to win. There are Easy, Medium and Difficult tiers. Here’s an example of a difficult tier Pips: Pips example Screenshot: Erik Kain As you can see, the grid has a bunch of symbols and numbers with each color. On the far left, the three purple squares must not equal one another (hence the equal sign crossed out). The two pink squares next to that must equal a total of 0. The zig-zagging blue squares all must equal one another. You click on dominoes to rotate them, and will need to since they have to be rotated to fit where they belong. Not shown on this grid are other conditions, such as “less than” or “greater than.” If there are multiple tiles with > or < signs, the total of those tiles must be greater or less than the listed number. It varies by grid. Blank spaces can have anything. The various possible conditions are: = All pips must equal one another in this group. ≠ All pips…
Share
BitcoinEthereumNews2025/09/18 08:59
Vitalik Buterin to Ethereum Developers: Build It Like It Has to Last Without You

Vitalik Buterin to Ethereum Developers: Build It Like It Has to Last Without You

Key Takeaways Vitalik Buterin wants Ethereum apps built to survive without developers, corporate servers, or trusted third parties Two major […] The post Vitalik
Share
Coindoo2026/03/07 15:49