The escalation of the Middle East conflict has led to a complete suspension of Dubai routes, putting 20% of global gold flows at risk
According to market news, due to the conflict in the Middle East, most air traffic in and out of Dubai has been disrupted, severely affecting the flow of gold and silver globally.
Traders indicate that this could trigger further volatility in metal prices, which have already been significantly fluctuating this year. Dubai is a key hub for precious metal transportation, accounting for about 20% of the global gold flow last year. Traders and analysts point out that if the transportation of gold and silver goods is hindered for an extended period, it may drive up regional prices in the Asian market.
John Reade, senior market strategist at the World Gold Council, stated, "With flights in the Middle East suspended, the availability of gold has become a concerning issue." A gold trader mentioned, "Currently, no goods are moving by air." Typically, gold is transported as cargo on passenger planes, with a single flight capable of carrying up to 5 tons, valued at approximately $830 million at current prices.
You may also like

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?

Value Distribution of Stablecoins

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?

After 18 years, blockchain has finally started to head towards the main channel

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026

Paul Graham: How to Make a Billion Dollars

If the AI bubble has already burst, who will truly remain?

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

What is the connection between Huang Zheng of Pinduoduo and blockchain?

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

