The escalation of Middle East conflict causes a complete halt of Dubai routes, and 20% of global gold flow faces a crisis

PANews March 4th reported that due to Middle East conflicts causing most air traffic in and out of Dubai to be disrupted, the global flow of gold and silver is experiencing serious disturbances. Traders say this could trigger further volatility in metal prices, which are already highly fluctuating this year. Dubai is a key hub for precious metal transportation, accounting for about 20% of global gold movement last year. Traders and analysts note that if the transportation of gold and silver goods remains blocked for an extended period, regional prices in Asian markets could rise. Senior market strategist John Reade of the World Gold Council said, “With flights in the Middle East suspended, the availability of gold has become a concerning issue.” A gold trader stated, “Currently, no goods are being moved by air freight.” Typically, gold is transported as cargo on passenger planes, with a single shipment capable of carrying up to 5 tons, valued at approximately $830 million at current prices.