SWISSAID: 591 tons of conflict-linked gold entered UAE in 2024

A report prepared by Switzerland-based SWISSAID revealed that gold extracted from conflict zones and sanctioned countries continues to flow into the United Arab Emirates (UAE). According to the report, despite new regulations, at least 591 tons of smuggled or conflict-linked gold entered the country in 2024. The value of this gold was calculated at $74 billion, and it was stated that this amount corresponds to 42% of the UAE's total gold imports. The data in the report indicates that a significant portion of gold from conflict zones and sanctioned countries enters circulation through the UAE. SWISSAID's findings show that, despite existing regulations, unrecorded or conflict-related gold flows continue. The report emphasizes that a significant portion of the UAE's gold imports come from such sources. Not investment advice.

📊 GLD — Piyasa Yorumu

■ neutral · 35%

The news carries regulatory and reputational risk regarding conflict-linked gold inflows into the UAE; however, the direct price impact on a broad gold ETF such as GLD may be limited. Extreme values in the indicators (change_pct_24 ~950%, inconsistency between last_close 3880 and SMA20 358) point to a data quality problem, so confidence in technical signals is low. Although RSI at 28.7 is close to oversold territory, MACD remains negative; a sideways-choppy course is expected in the short term. Since the news's effect on gold supply is indirect and long-term, it is not decisive for 1-3 day price direction. A neutral stance is therefore appropriate.

RSI 14

28.7

MACD

-3.54

24h Δ

950.56%

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