Gold fever: UAE prices smash records
Gold prices climbed to a record high of over $5,300 per troy ounce on Wednesday, extending a rally that is increasingly being felt in the United Arab Emirates, one of the world’s largest gold-trading hubs.
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Iran’s internet blackout has proven a brutal yet powerful tool for the government to quell the protests in the Islamic Republic. Elsewhere, other regional markets are benefiting from geopolitical instability. A weak dollar is helping drive gold prices to historic highs, and we explain why the United Arab Emirates is heavily impacted.
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