Dubai Makes Bid to be “City of Gold”

Technician prepares 1 Kg containers of gold grains for melting into 995.0 purity gold bars at the Emirates Gold refinery in Dubai, United Arab Emirates. Dubai now has about a 29 percent market share of global gold trade with nearly 1,200 tons – worth about $41 billion – changing hands annually in the city's gold markets, according to the gold industry website bullionstreet.com. At the Dubai Gold and Commodities Exchange, traders and speculators buy and sell the metal on the futures market. (Photo by Kamran Jebreili/AP Photo)
Dubai Makes Bid to be “City of Gold”
   
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