"The restrictions on freight capacity in airlines serving Dubai, one of the world’s key gold trading centres is forcing the premium on the physical metal to record levels due to a surge in demand for the physical metal now that the paper futures price has fallen so low.
The National newspaper today quotes the MD of Kaloti Gold in Dubai, Tarek El Mdaka as saying that he cannot find a place for transporting gold on Emirates, BA and Swiss this weekend. He is bringing between 1.5 and two tonnes of gold into the city every day, and it is going straight back out to overseas buyers."
'via Blog this'
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