Lebanon has experienced a rush on gold and silver, coinciding with a significant rise in their prices. LIMS has clarified that the increase in gold and silver prices is primarily due to global inflation eroding the purchasing power of currencies, leading individuals to seek gold as a safe haven. This inflation is rooted in extensive government spending initiated during the COVID-19 pandemic, which has not been curtailed since.
 
Additionally, fears of a global recession and geopolitical risks, such as the war in Ukraine and the conflict in Gaza, and uncertainties surrounding U.S. elections, are driving investors toward commodities like gold. Central banks’ substantial gold purchases to back their currencies further contribute to the high gold prices. These factors collectively drive the demand for gold and silver.

• The Unprecedented Rise in Gold and Silver Prices: Causes and Implications, May 22, 2024: VDL,  Audio Interview AR
• Silver Or Gold: Which Investment Is Safer? May 29, 2024: Tafasil, Video Interview AR