Dubai gold refiners see shift in demand trend

Business24-7.ae reported that Dubai gold refiners see shift in demand trend:

Dubai has seen a complete reversal in the gold refining scene in the past two years. Until late 2008 almost all the gold that refineries in Dubai produced went to the jewellery markets. Now, close to 90 per cent of the gold that refineries produce go to back investment products such as Exchange Traded Funds (ETFs) and gold futures on exchanges across the world.

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