the gold demand in Dubai
The given line graph exhibits the gold consumption of Dubai over four quarters of the year 2002.
It is apparent that the graph experienced a considerable fluctuation. In addition, while the gold sales topped in March, significant downward deviations occurred at two points in the last half of the year.
The gold sales commenced with a relatively high level at 200 million Dirhams in January before undergoing a remarkable acceleration and reaching a peak of 350 million Dirhams in 2 months later. However, this figure then fell dramatically by 200 million Dirhams before continuing to have the brief dip, then hit the first trough at 120 million Dirhams in July.
Before turning back the same trough in value with the second time in September, the figure for gold purchased grew swiftly from 120 to 200 million Dirhams in August. Although the revenue from selling gold jumped back and forth erratically over nine months, there was an upward tendency in the last quarter. Gold consumption recovered and rose modestly until it concluded at nearly the initial level, which was 200 million Dirhams in December.
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