A large amount of gold stranded in Dubai is being sold at a discount Bitcoin The advantages of Bitcoin have been demonstrated! The advantages of Bitcoin have been demonstrated! The advantages of Bitcoin have been demonstrated! With the Middle East war causing flight suspensions and logistics disruptions, a large amount of gold stranded in Dubai is being sold at a significant discount. Insiders revealed that due to exceptionally high transportation and insurance costs, as well as the inability to guarantee timely delivery, many buyers have suspended new purchase orders. As a result, under the pressure of indefinitely bearing storage and capital costs, traders began selling gold at discounts below the London benchmark price of up to $30 per ounce. According to sources, although some gold has been loaded onto flights departing from Dubai since the middle of this week, as of Friday, there are still many batches of gold transportation stranded. The United Arab Emirates, especially Dubai, is an important global center for gold refining and trading, not only exporting gold to various parts of Asia, but also serving as a crucial hub for gold transportation to Switzerland, the United Kingdom, and multiple African countries. Due to the spread of the Middle East conflict, some airspace of the United Arab Emirates has been closed; Meanwhile, the military strikes launched by the United States and Israel against Iran have entered their seventh day and there is still no sign of an end. Gold is usually transported through the cargo hold of an aircraft. Despite a significant reduction in flights to the United Arab Emirates, traders and logistics companies are still unwilling to choose land transportation to airports in countries such as Saudi Arabia or Oman due to the high risks and complex procedures involved in cross-border transportation. Renisha Chainani, research director at Augmont Enterprises, a large gold dealer in India, said, "Multiple batches of goods have experienced delays or delays, leading to a tight supply of physical gold in India in the short term India is one of the largest buyers of Dubai gold, but the country can still afford this delay for now. Chirag Sheth, Chief Advisor of Metals Focus South Asia, stated that due to recent moderate demand and sufficient inventory caused by a large number of imports in January, the market is currently not under pressure. Sheth added, "At present, inventory is still abundant, but if this situation continues for a few months, problems will arise Since the beginning of this year, spot gold has risen by about 18%, and the overall price has remained stable above $5000 per ounce. Due to the strengthening of the US dollar this week, gold prices have been under some pressure. At the same time, some refineries are also facing raw material supply issues, and the supply of semi-finished gold bars cast by mines is being impacted. Samit Guha, CEO of India's largest precious metal refinery MMTC-PAMP, stated that approximately 10% of the company's semi-finished gold bars come from a mine in the Middle East, but supply has been disrupted at present. He also pointed out that since the outbreak of the war, the transportation costs of new contracts signed from other regions have skyrocketed by 60% to 70%.