Large quantities of gold in Dubai are being sold at a discount.

PANews reported on March 7th, citing CCTV Finance, that prices of safe-haven assets such as gold continued to fluctuate at high levels this week, rising significantly at the beginning of the conflict before trending downwards. As one of the world's major gold trading centers, Dubai saw a significant increase in trading volume in the local gold market this week, with some investors shifting funds to safe-haven assets like gold. Meanwhile, due to flight cancellations and logistical disruptions, large amounts of gold are stranded in Dubai. The report states that some traders have begun selling gold at discounts of up to $30 per ounce below the London benchmark price.