In light of global economic fluctuations and the acceleration of political transformations, precious metals are returning to the forefront of investment interest, with gold and silver recording remarkable increases that have prompted observers to anticipate a new phase of movements in the financial markets, and between geopolitical concerns and changing investor trends, expectations are emerging indicating the continuation of this upward path during the coming period.
In this context, Dr. Bassem Al-Bawab, head of the Lebanese Companies Association within the economic bodies, confirmed in an interview with “Lebanon Debate” that “gold, silver and other metals are witnessing a significant and rapid rise today over the last two days, and it is expected that they will continue to rise at a greater pace.”
He explains, “This is because the war file seems to be heading towards possible solutions, and if the war stops completely, this will increase the markets’ rush towards gold and silver.”
He adds: “We notice that many investors are turning to selling oil in exchange for buying gold and silver, and as conditions improve, the two metals are expected to continue their rise. According to estimates, the price of gold may reach between 5,500 and 6,000 dollars by the end of the year, while the price of silver may reach between 130 and 150 dollars, if conditions continue to improve at the same pace.”
Al-Bawab points out that “these data remain within the framework of economic expectations and analyses, without any obligation or responsibility, and they fall within the context of reading markets and financial indicators and nothing more.”
As for the dollar, he points out that “its value is likely to decline, which will be reflected in currencies, metals, and other assets, so that their value will rise against it.”
Al-Bawab concludes by stressing that “the next stage will remain primarily linked to global political and economic developments,” stressing that “the markets are witnessing great sensitivity to any changes, which forces investors to follow developments with caution and adopt well-thought-out decisions in light of the accelerating fluctuations.”
