The Middle East conflict has led to the suspension of Dubai shipping and hindered the global circulation of precious metals

The Middle East conflict has led to the suspension of most air transportation to and from Dubai, severely disrupting the global circulation of gold and silver. Dubai, as an important global hub for precious metal transportation, completed approximately 20% of global gold circulation last year. John Reade, Senior Market Strategist at the World Gold Council, stated that the availability of gold supply has become a concern.