The Oil Slump Is Emptying the Stores of Dubai
By GCRU Gold News on Friday, May 1 2015, 03:32 - Permalink
Now, with the plunge in crude throttling economies across the Middle East, gold buyers are harder to find. Demand for the metal is slowing in the region and Dubai has seen a drop-off in some visitors. Shopkeepers say sales are declining because tourists from Saudi Arabia and Russia have less cash to spend. Sellers offer discounts for gold that two years ago fetched a premium.
“The market is dead,”