The United Arab Emirates, particularly Dubai, serves as a major hub for refining and exporting gold to buyers across Asia. It also acts as a transit point for shipments arriving from Switzerland, the United Kingdom and several African countries. The United Arab Emirates, particularly Dubai, serves as a major hub for refining and exporting gold to buyers across Asia. It also acts as a transit point for shipments arriving from Switzerland, the United Kingdom and several African countries.
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US-Iran war: Gold being sold at steep cuts in Dubai; available at $30 an ounce discount
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