UAE surpasses London to become the world's second-largest gold hub as Asian demand grows - DMCC
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The UAE has overtaken London to become the world's second-largest gold hub, driven by increasing demand from Asia, according to DMCC.
November 18, 2024 | 8:00 pm
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POSITIVE IMPACT
The UAE's rise as the second-largest gold hub could impact AAAU, a gold ETF, due to shifts in global gold demand and trading dynamics.
The UAE's emergence as a major gold hub suggests a shift in global gold trading patterns, potentially increasing demand and trading volume for gold-related assets like AAAU. This could positively impact AAAU's performance as it reflects broader market trends.
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IMPORTANCE 60
RELEVANCE 50