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Tuesday, 24 November 2009 01:09 UAE time

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World Gold Council

Main Category: Jewellery Store / Trader
City : Dubai
Country : United Arab Emirates


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Dubai retail gold sales drop 40% in Sept - trade

High gold price as global funds seek safe haven for assets, continues to have major impact.

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Gold jewellery sales fall 40% in Dubai due to tourist shortfall

Dubai's Gold Souk traders say sales have plummeted since last May.

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Gold hits 8-week high as dollar tumbles

Rise in yellow metal's price prompted by oil market rally and weak US dollar.

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Middle East gold demand drops 26%

World Gold Council Report says buyers discouraged by economic uncertainty and high prices.

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Scrap gold floods into Mideast - exec

Record volumes seen as global economic crisis forces cash-strapped consumers to sell jewellery for scrap.

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Gold hits 3-week low

Yellow metal stages further retreat as investors desert 'safe haven' for beaten-down stocks priced at multi-year lows.

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Emerging economies eye gold for safe haven value

Central banks look to increase gold reserves as fears for US dollar mount.

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Gold-backed security set for Dubai roll out

Shariah-compliant tradeable security backed by gold to be launched in Dubai next week, say sources. 

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Hunger for gold-backed securities continues

Gold-backed securities seen as store of value during global economic turmoil.

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Gold investment up 139% in 2008 - ME

Increased investment in gold mirrors a global trend sparked by current economic uncertainty.

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Gold falls 2% on profit taking

Gold price slips as investors show disappointment at metal's failure to beat resistance point.

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Saudi, Egypt, UAE Q3 gold sales rise

Sales expected to rise during haj and year-end period, says World Gold Council.

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UAE gold sales break through $1bn barrier

Latest figures show UAE precious metal purchases up by 20% in Q2, also up 14% in Saudi Arabia.

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WGC targets Dubai gold fund launch

World Gold Council is targeting a fourth-quarter launch of its Dubai-listed exchange traded fund.

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Saudi faces scrap gold shortage

Jewellers and buyers hold on to gold in expectation record prices will rise further, traders say.

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All that glitters...

James Burton, CEO of the World Gold Council discusses why gold is a lucrative investment tool.

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Industry bullish on Dubai gold imports

Strong gold prices unlikely to put brakes on imports despite recent fall in sales, industry figures say.

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Abu Dhabi gold sales expecting summer surge

Demand from expats buying summer gifts set to boost sales, industry figure says.

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Sky-high prices weigh on Dubai gold imports

Q1 imports drop 7.6% to 122 tonnes after bullion prices rose above $1,000 an ounce.

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Abu Dhabi gold sales up 20%

Value of gold sales in April surges 20% compared to a year ago, while volume rises 10%, group says.

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Silver outshines gold as hard times hit Egypt

Demand for the precious metal driven by soaring inflation and record high gold prices.

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Gold crush

Gold souqs should be lively during the Indian wedding season, but rising prices may mean dowry despair.

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Record prices scare off Abu Dhabi gold buyers

Gold sales in emirate drop 20% in February as metal rises toward $1,000 an ounce.

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Gold sellers hang hopes on shopping festival

Dubai's shopping festival expected to help boost gold jewellery sales in emirate.

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Saudi scrap gold exports grind to halt

Bullish outlook for gold prices causing people to hold on to gold and jewellers to keep scrap, experts say.

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Dubai scrap gold market soars

Record gold prices lead to increase in flow of scrap gold coming onto market in Dubai, industry sources say.

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Saudi gold demand jumps 30%

Gold back in favour with strong demand from the Gulf's largest market expected to continue through Q3.

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Global demand for gold hits record US$14.5bn

Global demand for gold jewellery has reached a record US$14.5bn, 37% higher than the second quarter of 2006 with particular strength across the key global gold markets, according to figures released by the World Gold Council (WGC).

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Dubai gold sales up 23%

World Gold Council announces first quarter increase to $730bn despite the 17% hike in gold price.

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Rising gold prices concern retailers

Dubai gold retailers fear consumer resistance if price goes above $700.

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Region's gold sales are tarnished

KSA sales in 2006 were down 16.4% on the year before due to price volatility.

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READER COMMENTS

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