UAE sprints to the top of the gold: Brics drives new trade axis!

UAE sprints to the top of the gold: Brics drives new trade axis!

Dubai, United Arab Emirates - gold fever in the desert! The United Arab Emirates (VAE) shine as the new Mecca for gold dealers by swinging up to the second largest gold center in the world. While the BRICS alliance is intensifying its gold purchase plans, the country is striving for the top of the tried and tested trade centers, as a new report reveals.

The precious metal has been celebrating a series of record highs since 2024, partly fueled by the massive purchases of the central banks. The BRICS block in particular makes a name for itself after the VAE London's rank as the second largest gold center in dispute. The goal? Small the dependency on the US dollar and create an alternative gold trade route, underlined through Dubai as a sparkling linchpin.

new gold route through Asia

"We experience historical upheavals on the precious metal market, triggered by western sanctions and the coercion for record-breaking gold purchases through the central banks," says DMCC CEO Ahmed bin Sulayem. "Dubai becomes the heart of a new gold route through Asia," he explains. However, tectonic shifts could also be emerged, especially after Trump's choice, which previously mitigated the Brics antipathies expressed against the dollar. A geopolitical change of course in 2025 does not seem to be excluded.

rumors about their own Brics currency with gold cover was persistent, but the BRICS meeting in 2024 did not bring any concrete news. Allianz's plans to destabilize the dollar are now being put to the test. Observers are excited to see how the alliance will position itself economically in the future, especially since new developments are in the air. All eyes are on the golden desert spectacle!