Liliane Mokbel, 15/10 16:50 - Reading : 2 minute(s)
Turkey Lebanon economy gold silver
Lebanese buyers are increasingly turning to precious metals, especially gold and silver, whose international prices have been climbing steadily to record highs. These days, it can take up to a week to obtain a gold bar and nearly two weeks for a kilogram of silver. A few weeks ago, people had to spend over an hour in line to make a purchase. The ...
Liliane Mokbel, 10/10 19:50 - Reading : 3 minute(s)
Could there be synthetic gold, distinct from naturally mined gold, similar to lab-grown diamonds? The question is intriguing, and the answer is nuanced. China has developed a new type of gold called “Hard Pure Gold,” a breakthrough that could transform the global jewelry market and strengthen Beijing’s influence in the gold trade. With a ...
This is Beirut, 08/10 08:35 - Reading : 3 minute(s)
Gold Economy World Ounce Record
Gold's relentless rise reached another milestone on Wednesday as the precious metal hit $4,002.95 an ounce for the first time. "Investors continue to bid up the price of gold, with the precious metal rising more than 50 percent year to date and nearly 12 percent in September alone – one of the strongest monthly performances on record," said ...
Liliane Mokbel, 02/10 13:35 - Reading : 2 minute(s)
The country’s gold market has entered a phase of sharp volatility. Against the backdrop of a prolonged crisis, transactions are picking up in both directions: some are selling jewelry and bullion to lock in immediate gains, while others are rushing to buy the yellow metal, long regarded as the ultimate safe haven. This contradictory dynamic ...
This is Beirut, 01/10 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 ...