Gold

According to Dubai Multi Commodities Centre (DMCC) gold trade through Dubai reached $5.23 billion in the third quarter of 2007, an increase of 55 per cent from $3.37 billion during the same period in 2006. Dubai’s top trading partners for gold include India, Switzerland, Malaysia and the GCC states. India and Switzerland were top importers from Dubai and India, Australia, Malaysia, USA and Switzerland were top exporters to Dubai. The experts believe the factors that could impact gold price (s) include fluctuations in the US economy + oil prices + social and political unrest around the world, resulting in extreme market volatility.