This is Beirut, 16/04 11:15 - Reading : less than a minute
A sign of lingering market anxiety, gold — the ultimate safe-haven asset — continues to attract investors fleeing riskier assets and climbed on Wednesday to a new all-time high of $3,275 per ounce. “High uncertainty, along with increased central bank buying and expectations of rate cuts by the US Federal Reserve, continues to support ...
Liliane Mokbel, 12/04 12:00 - Reading : 1 minute(s)
lebanon Gold exports imports dollars
The demand for precious metals in Lebanon continues to grow. According to data from the Economic Studies Center of the Beirut and Mount Lebanon Chamber of Commerce, Industry and Agriculture (CCIAB), imports of precious metals (customs classification) reached $2.572 billion in 2024, marking an increase of $46 million compared to the previous ...
Liliane Mokbel, 11/04 19:15 - Reading : 3 minute(s)
Gold Silver International Markets
The gold rush is now mirrored by a growing fervor for silver. Investors are increasingly flocking to precious metals as safe havens amidst global economic uncertainty. This shift is unfolding in the context of persistent volatility driven by US President Donald Trump’s unpredictable trade policies, highlighted by his announcement on Wednesday of ...
Liliane Mokbel, 05/03 19:10 - Reading : 3 minute(s)
Banks Central Bank of Lebanon Gold Reserves Lebanon
Following the government’s policy statement and the president’s inaugural speech, it is clear that a new momentum is emerging to address the pending economic issues. Controversial proposals are emerging, notably the idea of using Lebanon's Central Bank gold reserves (BDL) to partially bridge the financial deficit. However, it is evident that ...
Christiane Tager, 10/02 20:40 - Reading : 3 minute(s)
Despite its significant economic challenges, Lebanon maintains a prominent position in terms of gold reserves in the Arab world. According to the latest report from the World Gold Council (WGC), the country ranks second among Arab nations with the largest gold reserves, holding an impressive total of around 287 tons by the end of 2024, equivalent ...
Christiane Tager, 07/02 20:35 - Reading : 2 minute(s)
In 2024, gold surged by approximately 27%, setting new records, while silver, though up 27.5%, showed more moderate fluctuations. However, unlike gold, silver has yet to surpass its all-time high. The primary driver behind gold's meteoric rise is its long-established role as a safe-haven asset. In times of economic, political or geopolitical ...
Christiane Tager, 03/02 22:30 - Reading : 2 minute(s)
Donald Trump Gold currencies dollar euro
After a year marked by record highs, gold seems poised to continue its surge in 2025, as investors seek to shield themselves from global economic uncertainties. The trade policies of US President Donald Trump, particularly the new tariffs that could provoke a trade war, dampen economic growth and fuel inflation, will likely benefit gold. Gold ...
This is Beirut, 30/01 18:20 - Reading : less than a minute
The price of gold hit a new record Thursday, lifted by uncertainty over the economic policies of US President Donald Trump and the dollar's weakness following a disappointing US growth report. Around 15H25 GMT, gold was trading at $2,789.94 dollars an ounce, shortly after rising to just over $2,791 dollars, beating its previous record of ...
This is Beirut, 2024-10-22 17:46 - Reading : less than a minute
The gold market reached another milestone on Tuesday morning, trading at $2,729 per ounce, while US gold futures soared to $2,741. This unprecedented boom led to new record prices for the yellow metal, with analysts predicting that gold will continue to hit historically high levels. According to CNBC, “Gold has entered a new bull run, driven ...
This is Beirut, 2024-10-18 11:00 - Reading : less than a minute
Hamas Middle East Ukraine Gold
Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty, including in the Middle East after Israel said it killed Hamas chief Yahya Sinwar. Bullion hit an all-time high of $2,704.89 in early Asian trade, up from its previous record of $2,688.83 touched on ...
Maroun Chahine, 2024-02-25 09:00 - Reading : less than a minute
Investing in gold can provide stability and financial security, but price volatility and the risks associated with counterfeit gold coins can complicate matters. It is essential to carefully assess the advantages and disadvantages based on one's financial goals and risk tolerance.