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Dubai 2020 expo a cause for Gold prices shootup.

  • Writer: Uganda gold miners association
    Uganda gold miners association
  • Dec 9, 2019
  • 1 min read

Uganda miners have closed over delivery from gold under the prospects that gold prices will shoot up for in 2020.

This has followed massive speculations from Dubai's 2020 expo. Over 2000 new jobs that were created in Uganda and many African countries , With United Arab emirates migration cause a huge amount of hope that the prices for gold may shoot up as well.

Gold is Dubai's number one commodity and the proximity of Dubai to Uganda made it even easier for most sellers to opt for Dubai as there market destination cutting out gold markets like India and Taiwan.

On the other hand countries like Hongkong and China may not get any single gram of gold starting this year because of the possibility that Dubai is offering the best prices at the moment.

Gold is much more precious than any other metal in Dubai..And the fact is Dubai is the souk of gold for the whole world.

Most miners in Uganda are offered very little amount of money compared to the amount of money given to gold dealers and miners in the other partsof Africa.

Agram of gold is sold at 85$ yet it is given away from miners at just 26$.

Indians are known to buy gold but they always offer rediculously low prices.


Whether its just a speculation or the reality, expo 2020 is currently pulling more gold in Dubai than any other country.whatever that gold is meant to do...the best money is for tomorrow and the best wat to keep gold is keeping gold itself, miners are in no rush to sale.


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