May 26, 2009

Bullion trade in Middle East hit as gold demand falls | 22 M

Recession is beginning to hit bullion trade hard across cities in the Middle East where gold is the most actively traded commodity. From Dubai to Saudi Arabia, demand for gold has fallen by 26% to 53.6 tonnes for the first quarter of 2009 in the wake of high prices of the yellow metal and falling stock markets.

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