Bloomberg learned about the sale of discounted gold in Dubai due to the operation in Iran

In Dubai, gold bars began to be sold at great discounts amid problems with the delivery of this product caused by the escalation in the Middle East. This was reported by Bloomberg on Friday, March 6, citing informed sources.

"Traders are offering discounts of up to $30 per ounce compared to the global benchmark index in London," they are quoted as saying in the material.

It is emphasized that many potential buyers refuse to purchase precious metals, unwilling to pay extremely high costs for its delivery and insurance without receiving a guarantee of timely delivery.

The agency's interlocutors clarified that at the moment, part of such cargo, previously placed on planes for transportation to new owners, has already been delayed for several days.

The day is over: the conflict in the Middle East has inflated the prices of gold and oil in 24 hours

How are the markets reacting to a new round of military confrontation

On March 2, two days after the start of the Israeli-American operation Lion's Roar against Iran, The Wall Street Journal predicted a rise in the price of gold to a record $6.5 thousand per ounce. It was noted that statements by US President Donald Trump about the possible duration of the escalation in the Middle East played a major role in the potential cost increase.

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