Talks with Iran aimed at ending a long stand-off about explaining the origin of uranium particles found at apparently old but undeclared sites are at "a very difficult juncture", UN nuclear watchdog chief Rafael Grossi said on Wednesday.
Mr Grossi and Iran agreed in March on a three-month plan to resolve the matter, which has been a source of tension between Iran and western powers even during wider negotiations aimed at bringing Tehran and Washington back into full compliance with the 2015 Iran nuclear deal.
Those wider talks are now stalled but Mr Grossi says it is hard to imagine any agreement to revive the 2015 deal being implemented while the International Atomic Energy Agency still has not received satisfactory answers on this issue.
"I suppose I should abstain from having a final conclusion at this point since we haven't finished the process yet, but let me say that we are at a very difficult juncture at the moment," Mr Grossi told a panel discussion at the World Economic Forum in Davos, Switzerland.
Mr Grossi is due to report to the IAEA's 35-nation board of governors on how talks on the open issues have progressed by the time the board starts a quarterly meeting on June 6.
"I hope that the time ... between now and the issuance of my report will [be] put to good use to come [up] at least with a start of a credible answer to these things."
While Mr Grossi's effort to obtain answers from Iran is not part of the wider talks to revive the 2015 deal, a lack of progress could lead to renewed confrontation between Iran and the West at the board that would only complicate the indirect talks between Iran and the United States that were last held in March.
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How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
EXPATS
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- Premier League-standard football pitch
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Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.