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05.03.26 - 01:36
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Hong Kong seen as haven for gold and family offices as conflict raises risks for Dubai (SCMP)
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Escalating tensions in the Middle East could strengthen Hong Kong's ambitions to become a global family office hub and gold trading centre, as wealthy investors reconsider their exposure to the region, industry figures say.
“The war in the Middle East could benefit Hong Kong because wealthy individuals in the region may want to move part of their investments outside the conflict zone,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional......
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03.03.26 - 01:12
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"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran (ZeroHedge)
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"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran
Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran's response, according to three industry sources and Reuters.
Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows.
Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the disruption lasts. They spoke on condition of anonymity.
Gold futures jumped 3% on Monday morning prior to the cash open in New York. The record high stands at $5,594.82, set on January 29.
Despite the shipping disruption, traders said major financial hubs — including China, India, New York, London and Zurich — remain operational, and market activity on Monday is expected to be driven mainly by f...
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03.09.25 - 16:06
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′The Dubai of South America′: how the promise of riches from lithium mining turned to dust in Bolivia (The Guardian)
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Politicians have long promised the critical metal will rescue the economy but Indigenous locals say the push to exploit vast reserves threatens the ecosystem and their livelihoods• Photographs by Sara Aliaga TiconaGrowing up near Bolivia's Uyuni salt flats, Franz Alí Ramos remembers playing in the high-altitude wetlands near his home during the rainy season. “It was a beautiful recreation area for us and for animals,” he says.Now, the wetlands have given way to cracked, sunbaked earth – a change that Alí Ramos blames on nearby operations by Bolivia's state lithium corporation, Yacimientos de Litio Bolivianos (YLB). The government has recently signed lithium mining contracts with two foreign companies – one Russian and the other Chinese – and residents fear more serious damage is yet to come. Continue reading......
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