Dubai Precious Metals Conference

11-04-2019 Media in\ Dubai
The 8th edition of the Dubai Precious Metals Annual Conference, organized by the Dubai Multi Commodities Center (DMCC), was held in Dubai today with the participation of 300 industry experts who discussed the most important factors and opportunities that characterize the precious metals market.
The conference, held under the theme “Promoting Growth in the Global Precious Metals Sector”, is the most important event of its kind at the sector level and one of the most important international conferences on precious metals is rich in valuable information and content.
Guttam Sashital, CEO of DMCC, emphasized the importance of the event as it discusses an important set of topics related to the sector’s top priorities and challenges and provides a platform for exploring possible synergies to promote the development and growth of the sector.
For his part, Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade at the Ministry of Economy, said that the gold, diamonds and precious metals sector is one of the most important sectors supporting the diversification efforts in the country.
He pointed out that the UAE accounts for about 14 per cent of the world’s total gold trade. In particular, Dubai continues to establish itself as a leading destination for precious metals and investment, accounting for 20 per cent of global sales of the sector.
I share the fact that given its strategic location at the crossroads of East-West trade, the UAE is an important trade gateway linking the producing countries, major manufacturing centers and the world’s largest consumer markets.
He pointed out that Dubai Multi Commodities Center (DMCC) as a leading commodity trading center plays a pivotal role in establishing the UAE as a leading global destination on the precious metals trade map. The Center’s commitment to providing a diversified and stable trading and investment environment is consistent with the efforts of our wise government and wise leadership. Growth and development.
The conference included a panel discussion on “Mining and Return of Hedge” in which experts discussed the current trend in the metals sector on whether to hedge against higher nominal interest rates on dollar deposits.
The next session focused on the “Central Banks Approach to Gold”, where experts presented their ideas and views on the impact of factors such as currencies and trade tensions on decision-making processes.
Delegates to the conference received a copy of the World Silver Question 2019 report issued by the Silver Institute, the results of which were also revealed during the conference in conjunction with its publication in New York.
The report, published annually since 1990, contains detailed information on supply and demand statistics in key sectors of the silver market as well as data on prices and volumes.