In 2009, gold prices broke the record-high level of US$1,200 per ounce before averaging to US$973 per ounce. More than 130 countries served as gold import partners into Dubai in 2009. The total gold trade through Dubai stood at US$29 billion in 2009, matching the value of gold traded in 2008. For the 12 months ending December 31, 2009, a total of 576 tonnes of gold was imported into Dubai, compared to 674 tonnes in the previous year. Although imports in tonnage terms saw a 15 per cent decline compared to the record set in 2008, it was 16 per cent higher than the average import of 498 tonnes since 2001. In 2009, gold exports from Dubai reached 403 tonnes, an increase of nine per cent compared to 371 tonnes in 2008.
The value of the gold trade in the emirate has increased by over six times since 2001; the same for 2009 is more than double the average trade in the past nine years. These figures demonstrate the emirate’s increasingly important role as a centre for regional and global gold trade. With growing stability in global economic conditions, Dubai will continue to perform well in 2010 and further strengthen its status as a global hub for gold trade.
The value of the gold trade in the emirate has increased by over six times since 2001; the same for 2009 is more than double the average trade in the past nine years. These figures demonstrate the emirate’s increasingly important role as a centre for regional and global gold trade. With growing stability in global economic conditions, Dubai will continue to perform well in 2010 and further strengthen its status as a global hub for gold trade.
0 comments:
Post a Comment