This is Beirut, 12:10 - Reading : less than a minute
Gold prices hit a new all-time high on Wednesday, driven by a surge of investors seeking safe-haven assets following the official start of the U.S. government shutdown and disappointing employment data, which have strengthened expectations of an interest rate cut by the Federal Reserve. Spot gold rose 0.1% to $3,861.99 per ounce, after reaching a ...
This is Beirut, 29/09 14:00 - Reading : less than a minute
Gold Investments Dollar Washington Beijing
Gold continues to break records. The price per ounce (31.1 g) rose 1.3% on Monday, reaching $3,809, its highest level ever. The precious metal has surged 45% since the start of the year and nearly 130% over three years, outperforming most other investments. Several factors drive this gold rush: geopolitical uncertainties, from Russia’s invasion ...
This is Beirut, 24/09 13:10 - Reading : 1 minute(s)
Chad Militia Peace Government Gold
Chad's government has struck a peace deal with an armed group in the north of the country, ending years of conflict over gold deposits in the region, a mediator said on social media. It sees "the definitive return of peace in (the town of) Miski and the entire province of Tibesti", Ibrahim Edji Mahamat, who acted as a facilitator for talks, told ...
This is Beirut, 19/09 16:00 - Reading : 3 minute(s)
Egypt Museum Art Culture Heritage Gold
Egyptian police said on Thursday they arrested a museum employee and three alleged accomplices after a priceless ancient gold bracelet was stolen from Cairo's Egyptian Museum, sold for about $4,000, and then melted down. The 3,000-year-old bracelet, a gold band adorned with lapis lazuli beads, dated back to the reign of Amenemope, a pharaoh of ...
This is Beirut, 09/09 09:10 - Reading : 1 minute(s)
Gold climbed to a fresh all-time high in Asian trading on Tuesday, reaching $3,654 an ounce around 02:30 GMT. The yellow metal is reaffirming its role as a safe-haven asset, buoyed by expectations of U.S. Federal Reserve rate cuts, inflation concerns, and political uncertainty in France and Japan. “Gold provides the clearest expression of ...
This is Beirut, 03/09 08:40 - Reading : 1 minute(s)
Donald Trump Banks Market Gold
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 percent to hit $3,546.96 an ounce. Prices have risen five percent over the ...
This is Beirut, 02/09 08:55 - Reading : 1 minute(s)
Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty. The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April. The run in gold prices comes as investors weigh up a weakened US dollar and the ...
Liliane Mokbel, 27/08 18:10 - Reading : 3 minute(s)
Lebanon Gold Counterfeirt gold
On August 20 in Jounieh, a sweep by the Internal Security Forces led to the arrest of several members of a network selling counterfeit gold. While the operation highlights the need for vigilance, political, security and economic uncertainty continues to push Lebanese citizens toward the precious metal. But how can one tell a fake ounce from a ...
This is Beirut, 11/08 21:10 - Reading : 2 minute(s)
United States Donald Trump Gold Tariffs
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars, threatening to upend global trade of the precious metal. Trump's comments came after US customs authorities made public a letter saying that gold bars at two standard weights, ...
Christiane Tager, 17/07 21:45 - Reading : 2 minute(s)
Since the start of the year, silver prices have soared nearly 30%, climbing from around $30.40 an ounce in January to nearly $37 in July – levels not seen since 2011. This is a rare surge for a metal that typically moves more cautiously than gold. Crossing the $35 per ounce threshold, silver has caught analysts off guard and stirred excitement ...
This is Beirut, 16/06 12:20 - Reading : 4 minute(s)
Israel Middle East Oil Gold Price
Oil prices retreated on Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks. Gold prices rose back towards a record high thanks to a rush into safe havens but equities were mixed amid hopes that the conflict does not spread. Investors were ...
Liliane Mokbel, 07/06 15:30 - Reading : 2 minute(s)
In times of crisis, gold stands as the ultimate pillar of stability. Timeless, reassuring and resistant to passing trends, it shines brighter as financial markets falter. But a critical question remains: which form of gold offers better protection in turbulent times — jewelry or bullion? And is resale truly profitable? Historically, when ...