Why Has Demand for Gold Slumped in the Middle East?

Why Has Demand for Gold Slumped in the Middle East?

Assessment

Interactive Video

Business

University

Hard

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The video discusses global gold demand patterns, highlighting significant ETF buying in London and New York, and contrasting it with declining physical demand in markets like Egypt, UAE, and India. Dubai's role as a gold trading hub is analyzed, noting its influence despite sluggish performance. The impact of India's wedding season on gold demand and the influence of the Federal Reserve's decisions on gold prices are explored. The video also examines banks' attitudes towards gold and the UAE Central Bank's gold reserve strategies.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors have contributed to the demand for gold in Egypt despite the rising gold prices?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the gold market in Dubai been perceived in relation to its expectations as a gold trade center?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact does the wedding season in India have on gold demand, according to the discussion?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the key price levels mentioned that could influence the movement of gold?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How do central banks' strategies influence their decisions to add to gold reserves?

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