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Iranian Missile Attacks Disrupt Gold Supply, Prices Surge

3/7/2026

46 8 Full Breakdown

Summary

Story summary

Iranian missile attacks disrupted gold transportation from Dubai.
Gold trades at discounts up to US$30 per ounce as shipments remain stranded.
India shows strong demand, but buyers wait due to ample stock.
Spot gold prices have risen to around US$5,172 per ounce, with volatile trading.
Refiners face challenges sourcing doré as logistics costs rise 60% to 70% since the conflict began.

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Story summary

Iranian missile attacks disrupted gold transportation from Dubai.
Gold trades at discounts up to US$30 per ounce as shipments remain stranded.
India shows strong demand, but buyers wait due to ample stock.
Spot gold prices have risen to around US$5,172 per ounce, with volatile trading.
Refiners face challenges sourcing doré as logistics costs rise 60% to 70% since the conflict began.