This is Beirut

Trump Says Gold Will Not Face Tariffs after Customs Confusion

This is Beirut, 11/08 21:10 - Reading : 2 minute(s)

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, ...

Why Silver Is Stealing the Spotlight from Gold

Christiane Tager, 17/07 21:45 - Reading : 2 minute(s)

Gold Silver

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 ...

Oil Prices fall Even as Israel-Iran Strikes Extend into Fourth Day

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 ...

Gold in Uncertain Times: Jewelry vs. Bullion

Liliane Mokbel, 07/06 15:30 - Reading : 2 minute(s)

Gold Economy Jewelry bullion

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 ...

Saudi Arabia Announces Major Gold Discovery

This is Beirut, 05/05 10:45 - Reading : 1 minute(s)

Saudi Arabia Gold Mining

As gold prices surge to historic highs, surpassing $2,300 an ounce amid mounting geopolitical tensions and economic uncertainty, Saudi Arabia announced a major gold discovery that could further cement its position in the global mining sector. Saudi Arabia’s state-owned mining company Ma’aden revealed the discovery of significant gold deposits ...

Gold Rush for Nasrallah-Themed Memorabilia

This is Beirut, 01/05 10:35 - Reading : 1 minute(s)

Hassan Nasrallah Hezbollah Gold Coin

Since the assassination of former Hezbollah Secretary-General Sayyed Hassan Nasrallah, a gold rush of sorts has swept through Beirut’s southern suburb, with a surge in demand for items bearing his image. Books, medallions, and even gold coins and bars are flying off the shelves. According to information obtained by This is Beirut, local ...

Gold at Record Highs as Markets Reel: Is It Time to Panic or Buy Smart?

Christiane Tager, 23/04 10:30 - Reading : 2 minute(s)

United States Markets Investment Gold

After Easter opened a turbulent week for financial markets. The world’s main stock exchanges recorded significant losses, despite a few timid attempts to bounce back. This instability is unfolding in an atmosphere weighed down by geopolitical tensions and persistent fears of a global‑growth slowdown. Meanwhile, gold moved sharply in the ...

Gold Hits an All-Time High, Dollar Declines

This is Beirut, 16/04 11:15 - Reading : less than a minute

Gold

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 ...

Gold Reserves in Lebanon Surge to $2 Billion!

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 ...

Gold and Silver Wallets: The Growing Investment Trend

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 ...

BDL’s Gold: An Untouchable Treasure or a Last Resort?

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 ...

Lebanon Claims a Strategic Position in Gold Reserves!

Christiane Tager, 10/02 20:40 - Reading : 3 minute(s)

Lebanon Gold

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 ...