“Dubai is sometimes called the “City of Gold” because of its stunning growth from a sleepy Gulf port to a world-famous business crossroads in the space of a single generation. Its nickname has a literal meaning for traders in the precious metal. The city is building itself up as a center for the gold trade, between sources in Africa and consumers in the rising economies of China and India”. – Kamran Jebreili via Associated Press
Photo: A gold press operator collects 10 gram gold blanks to press them with the logo of the Emirates Gold company in Dubai, United Arab Emirates. Gold prices remained relatively steady in 2012, close to $1,700 an ounce. (Photo by Kamran Jebreili/AP Photo)
