Gold and diamonds remained its most-traded goods outside oil in UAE

Continuing its golden tradition, the United Arab Emirates (UAE ) said gold and diamonds remained its most-traded goods outside oil.

According to country’s Federal Customs Authority, UAE’s gold imports for the first seven months stood at $2.53 billion, while gold exports for the same period totaled $1.6 billion.

Diamonds were the second-biggest non-oil import, with Emirate traders importing $1.11 billion worth of diamonds through July 2011.

Diamonds were also the top re-exported good (excluding oil) for the period, with diamond re-exports reaching $1.25 billion. – BullionStreet

Posted by admin on Jan 3 2012. Filed under Gold predictions. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry