The Middle East conflict has caused a halt in shipping in Dubai, disrupting the global circulation of gold and silver

According to Jinshi reports, as the conflict in the Middle East has led to the suspension of most air transport to and from Dubai, the circulation of gold and silver globally is facing serious disruptions. Traders indicate that this situation may further exacerbate the already highly volatile precious metal prices this year. Dubai is a significant hub for precious metal transportation, with about 20% of the world's gold circulation passing through the region last year. John Reade, senior market strategist at the World Gold Council, stated that the availability of gold supply has become an issue.