Gold is being sold at a discount of as much as USD 30/oz in Dubai, Bloomberg reports citing sources; due to elevated shipping and insurance costs
The report of gold being sold at a discount in Dubai signals a significant impact from elevated shipping and insurance costs affecting market pricing.
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Kyoei Steel is to suspend the creation of new sales contracts for steel materials from the 9th of March, due to the Middle East situation making it difficult to determine the correct price, Nikkei reports
Gold is being sold at a discount of as much as USD 30/oz in Dubai, Bloomberg reports citing sources; due to elevated shipping and insurance costs
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Qatar Energy Minister al-Kaabi cautions that the Middle East conflict could cause all Gulf energy producers to have to shut production within weeks, increasing oil to USD 150/bbl, FT reports
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This discount could indicate stress within the supply chain as well as a potential shift in buyer behavior, which may influence gold's pricing dynamics on a broader scale and impact investor sentiment, especially for those trading in FX and commodity markets.
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