Dubai bank launches gold note

National Bank of Dubai has launched the USD Gold Range Note, a three-year capital-protected product linked to the international gold price, denominated in US dollars. The product pays a maximum of 7% per annum, so long as the price of gold remains within a specified range. The bank’s head of retail banking, Suvo Sarkar, said the bank is selling the product as an opportunity to diversify into gold without capital risk. He said the product is part of the bank’s strategy to offer a wider range of i