LBCI

Shining light on gold: Understanding the surge in gold market

News Bulletin Reports

09-04-2024 | 12:20

Share

Share

Shining light on gold: Understanding the surge in gold market

2^min

Report by Lea Fayad, English adaptation by Nadine Sassine

Today, owning gold means your wealth is on the rise, regardless of the piece's size or age.

This surge in value is driven by historic highs in gold prices, surpassing $2300 per ounce, a significant jump from around $1400 just four years ago in 2020. Since the beginning of this year, prices have surged by about 14%, reflecting a compelling narrative of supply and demand dynamics:

- Geopolitical tensions, such as the Russian-Ukrainian conflict and ongoing conflicts in the Middle East, are fueling global interest in gold. Seen as a safe haven during uncertain times, gold attracts investors seeking stability amidst turbulent geopolitical landscapes.

- Global economic instability contributes to the appeal of gold. Doubts about the dollar's strength, amidst competition from the BRICS group – comprising China, Russia, India, and other emerging economies – prompt central banks worldwide to diversify their reserves. Over the past two years, these banks, led by China, have purchased over 1000 tons of gold, highlighting its role as a strategic asset.

- Expectations of interest rate cuts by the US Federal Reserve this year further bolster gold's attractiveness. With potential decreases in bank interest rates, investing in gold emerges as a more lucrative option.

That's why these days, gifting gold requires careful budgeting or or adjustments to the gift budget.

News Bulletin Reports

World News

Gold

Dollar

Economy

World

Next

Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days

Recommended For You

Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?

News Bulletin Reports

13:10

Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?

Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage

News Bulletin Reports

13:00

Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage

New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees

News Bulletin Reports

12:55

New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees

Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus

News Bulletin Reports

12:48

Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees

News Bulletin Reports

12:55

New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees

Iran says any nuclear deal must respect 'right' to enrich uranium

10:11

Iran says any nuclear deal must respect 'right' to enrich uranium

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

Videos

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Kuwait rolls out official welcome for Lebanon's President Aoun – video

2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Most read

24 hours

7 days

Month

New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees

1

New chapter on Syrian refugee return: Lebanon launches first coordinated return of Syrian refugees

Lebanon announces new BDL Deputy Governors

2

Lebanon announces new BDL Deputy Governors

Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?

3

Parliament prepares immunity vote: Will political shield protect MP George Bouchikian?

Tom Barrack says US mediating undisclosed Lebanon-Israel talks

4

Tom Barrack says US mediating undisclosed Lebanon-Israel talks

Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus

5

Lebanon, Syria at odds: Syrian detainees in Lebanon top priority for Damascus

Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage

6

Political pressure mounts on Netanyahu as hostage talks stall and Gaza plan sparks outrage

US aware of reported death of American after beating by Israeli settlers

7

US aware of reported death of American after beating by Israeli settlers

Syrian, Israeli officials to meet in Baku: AFP

8

Syrian, Israeli officials to meet in Baku: AFP

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More