Shining light on gold: Understanding the surge in gold market

News Bulletin Reports
09-04-2024 | 12:20
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Shining light on gold: Understanding the surge in gold market
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Shining light on gold: Understanding the surge in gold market

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

LBCI Next
2025 in Lebanon: LBCI reflects on a year of challenges, coverage, and coexistence
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:10

Lebanon violence surges as Israel strikes intensify — how events escalated

LBCI
News Bulletin Reports
13:07

New details emerge as Riad Salameh questioned in multi-million dollar probe

LBCI
News Bulletin Reports
13:00

Israel’s Lebanon escalation exposes deep rift over war goals and US diplomacy

LBCI
News Bulletin Reports
12:55

Turkey outlines Lebanon stance: Opposes Syrian military intervention, ‘fait accompli’ strategy

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Middle East News
2026-04-12

US delegation leaves Islamabad following talks with Iran

LBCI
Lebanon News
2026-06-05

HSBC placed under formal investigation over Lebanese central bank scandal

LBCI
Middle East News
2026-05-18

Iran submits new 14-point proposal via Pakistani mediator

LBCI
Middle East News
2026-06-17

Vance says potential US-Iran deal could pave way for broader Middle East peace

Videos
d-none hideMe
LBCI
Lebanon News
02:28

Massive Israeli strikes hit South Lebanon under ceasefire conditions

LBCI
Lebanon News
2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

LBCI
Lebanon News
2026-06-06

Rene Mouawad Airport in Qlayaat opening ceremony held in presence of Lebanese officials—Video

LBCI
Lebanon News
2026-05-31

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

LBCI
World News
2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

LBCI
Lebanon News
2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

LBCI
Lebanon News
2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

LBCI
Lebanon News
2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

LBCI
Lebanon News
2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
08:58

Israel, Hezbollah agree to ceasefire starting on Friday: Reuters

LBCI
Lebanon News
05:59

Israel says struck 80 targets in Lebanon, killed 'dozens' of Hezbollah members

LBCI
Middle East News
14:54

Israel 'committed' to Lebanon ceasefire if Hezbollah honours it: Israel ambassador to US

LBCI
Lebanon News
12:34

Naim Qassem says Hezbollah weapons remain directed only at Israel

LBCI
Lebanon News
03:11

Israel says four soldiers killed in Lebanon, first since US-Iran deal

LBCI
Lebanon News
07:41

Aoun condemns Israeli escalation, says strikes undermine efforts to end war

LBCI
News Bulletin Reports
12:55

Turkey outlines Lebanon stance: Opposes Syrian military intervention, ‘fait accompli’ strategy

LBCI
News Bulletin Reports
13:10

Lebanon violence surges as Israel strikes intensify — how events escalated

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