Dubai gold flows curbed as flights halted amid U.S.-Israeli strikes on Iran

By Polina Devitt Reuters Sunday, March 1, 2026 LONDON -- Physical gold flows to and from Dubai's bullion trading hub will be severely curbed in coming days as airlines cancel flights due to U.S. and Israeli strikes on Iran and Tehran's retaliation, three metals industry sources said. Dubai's trading hub is a major gold supplier to Switzerland, Hong Kong, and India, a major consumer. Gold travels by plane due to security and insurance issues stemming from its value-to-weight ratio. ... Dispatch continues below ... ... ADVERTISEMENT ... Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:  http://www.goldmoney.com/?gmrefcode=gata "It looks like most if not all airlines have canceled their flights, so there's not going to be any gold moving for a couple of days," one of the sources said. ... ... For the remainder of the report: https://www.reuters.com/world/china/dubai-gold-flows-curbed-flights-halted-due-us-israeli-strikes-iran-2026-03-01/ * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://tinyurl.com/3xt6uw66 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png