Latest news with #LondonBullionMarket
See - Sada Elbalad
13-07-2025
- Business
- See - Sada Elbalad
Safe Haven: Silver Up 27% Since Start of 2025
Waleed Farouk Silver prices in the local market surged by 3% over the past week, supported by a global rally that saw the metal's spot price break above $38 per ounce, posting weekly gains of 4%, according to a report by the Safe Haven Hub center. This strong performance was driven by growing investment and industrial demand amid a global supply shortage and escalating trade tensions, particularly following recent tariff measures announced by the U.S. administration. The price of 800-purity silver rose by EGP 1.5 during the week, climbing from EGP 50.50 to EGP 52 per gram, while globally, the ounce price increased from $36.86 to $38.32. According to the report, local silver prices have jumped by 27% since the beginning of 2025, gaining EGP 11 per gram (800 purity), having opened the year at EGP 41. Meanwhile, the global ounce price surged by 32%, rising from $29 to $38.32—its highest level in 13 years. The global silver market is entering a new phase marked by rising borrowing costs, declining liquidity in markets such as London, and widening price spreads between major exchanges like COMEX and the London Bullion Market. These indicators reflect growing instability and imbalance in the precious metals sector. In the U.S., increased silver premiums suggest tighter supply and stronger physical demand, helping drive prices to unprecedented highs. At the same time, copper prices rose by 13% following Washington's decision to impose a 50% tariff on imports, widening the price gap between exchanges and pushing investors toward silver as an industrial alternative, given the strong correlation between the two metals. Silver has surged by 34% since its April lows. Platinum, meanwhile, has risen by 66%, approaching $1,500 per ounce, while gold has stabilized around $3,355. This rapid rebound in silver prices indicates a strong comeback for the 'grey metal,' particularly with its recent outperformance relative to gold. According to the Silver Institute, holdings in silver-backed financial products exceeded 1.13 billion ounces by the end of June 2025, with net inflows totaling 95 million ounces over six months—surpassing last year's full-year total. Industrial demand is also expected to reach 677.4 million ounces this year, fueled by the growing green energy sector, particularly solar panels and photovoltaic technologies. However, the market continues to face a persistent supply deficit for the fifth consecutive year, amid production disruptions in major mining countries like Mexico and Russia, declining reliance on primary silver mines, and a market that depends 70% on secondary silver extracted from other metals. With silver crossing the $35 mark in June, several analysts now view the $50 target as within reach, especially given the historically low levels of free-flowing silver available for sale—estimated at just 155 million ounces. Analysts at Citi Bank project further gains, predicting silver could reach $40 within 6 to 12 months, and possibly touch $46 by Q3 2025, driven by tight supply, strong demand, and continued investment momentum. Straddling its dual identity as a safe haven during crises and a vital industrial input for the clean energy transition, silver is proving itself to be more than just a precious metal—it is a strategic asset reshaping its place in the global market landscape. With trade tensions rising, supply shrinking, and industrial demand growing, silver is poised to be the standout performer in the second half of 2025—potentially even outshining gold. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
Time Business News
04-06-2025
- Business
- Time Business News
Live Gold Rate in Kuwait Today
Gold is one of the most precious and valued commodities in the world. Across centuries and cultures, gold has stood the test of time as a symbol of wealth, luxury, and financial security. In Kuwait, gold holds a special place not only in traditional ceremonies and daily adornment but also in the investment strategies of residents and expatriates alike. With global economic changes occurring more rapidly than ever, staying informed about the Today Gold Rate in Kuwait is crucial for making smart financial decisions. In this comprehensive article, we will delve into why the gold rate matters, how the daily gold prices are determined, what factors affect them, and how buyers and investors in Kuwait can benefit from timely updates. Kuwaitis have a deep cultural and financial connection with gold. It is commonly purchased for weddings, festivals, family heirlooms, and as a long-term investment. Gold is considered a reliable asset that retains its value over time and can be quickly liquidated if needed. Many Kuwaiti families pass down gold jewelry from generation to generation, and the local gold market thrives on both retail jewelry sales and bullion trading. As a result, monitoring the Today Gold Rate in Kuwait has become a daily habit for countless individuals and businesses. Gold prices fluctuate constantly due to several economic, political, and environmental factors. Monitoring the Today Gold Rate in Kuwait gives buyers and sellers the chance to take advantage of favorable pricing, whether they're purchasing for personal use or investment. Here are some key reasons to stay updated: Smart purchasing: Knowing the daily rate helps consumers buy gold when prices are low. Knowing the daily rate helps consumers buy gold when prices are low. Investment timing: Investors watch for price dips or upward trends to make profitable trades. Investors watch for price dips or upward trends to make profitable trades. Budgeting: Consumers can plan gold purchases (especially for events) more efficiently. Consumers can plan gold purchases (especially for events) more efficiently. Profit margins: Businesses that buy and sell gold can better calculate their profit potential. Gold prices in Kuwait are not fixed. They are influenced by a variety of local and global factors, including: Since gold is a global commodity, its base price is influenced by international markets, particularly the London Bullion Market and COMEX (Commodity Exchange) in the U.S. Any fluctuations in those markets directly affect the Today Gold Rate in Kuwait. The Kuwaiti Dinar (KWD) is a strong and stable currency, but changes in the exchange rate between the KWD and USD (U.S. Dollar) impact gold pricing. Gold is traded globally in USD, so any shift in exchange rates can cause a ripple effect on local rates. Kuwait imports most of its gold, so the duties and taxes imposed on gold imports influence the final retail price. Even though Kuwait has relatively low taxation, these fees still contribute to slight variations in the Today Gold Rate in Kuwait. Demand rises during festive seasons, weddings, and economic uncertainty. The supply of gold, both globally and locally, also plays a role in setting prices. A higher demand with a lower supply naturally increases gold prices. This guide is brought to you by GoldPriceMe, your trusted source for real-time gold data and trends. During inflationary periods or global financial instability, people tend to invest in gold as a safe haven. This increased demand can cause a spike in prices. Conversely, in stable economic times, the price may stabilize or decline slightly. In Kuwait, gold is sold in various purities, each with a different price per gram. The most common types are: 24K (Pure Gold): This is the purest form of gold with a 99.9% purity level. It's ideal for investment purposes. This is the purest form of gold with a 99.9% purity level. It's ideal for investment purposes. 22K: Slightly less pure, but preferred for making jewelry due to its durability. Slightly less pure, but preferred for making jewelry due to its durability. 21K and 18K: Popular among consumers for day-to-day wear. More affordable but less pure. The Today Gold Rate in Kuwait is usually quoted per gram for all these categories. Buyers should always check which karat value the rate refers to when making a decision. While many rely on jeweler shops for daily pricing, others turn to trusted data sources for up-to-the-minute gold price updates. That's where GoldPriceMe comes in. Known for its accurate and real-time gold market updates, the platform helps buyers and sellers stay informed with daily gold rate trends in Kuwait. Whether you're a casual buyer or a professional trader, having instant access to reliable pricing data is key to making informed decisions. Making the right gold purchase goes beyond just knowing the daily rate. Here are a few additional tips: Visit multiple gold stores to compare pricing. There may be minor variations based on the vendor's markup, design fees, and location. Jewelry often includes 'making charges' – fees added for the craftsmanship involved in turning gold into intricate designs. This can significantly affect the total cost. Always ask for a certificate of authenticity, especially for higher karat gold. It confirms the purity and helps during resale. For investment gold like bars or coins, ensure proper storage to protect your assets from theft or damage. Don't base your decision on a single day's price. Track the Today Gold Rate in Kuwait over weeks or months to understand trends and predict better entry or exit points for buying and selling. If you're planning to sell gold, timing and awareness are everything. Make sure to: Check the Today Gold Rate in Kuwait before visiting a buyer. before visiting a buyer. Compare offers from multiple dealers. Bring any original receipts or certificates. Weigh your gold accurately. Negotiate wisely—some dealers may try to lower the price based on minor purity issues. Knowing the current market price puts you in a stronger position to negotiate and ensures you're getting a fair deal. Gold has historically been a safe and rewarding investment. In times of political unrest, economic uncertainty, or inflation, gold tends to perform well. Many investors in Kuwait choose to diversify their portfolio by adding gold assets such as: Physical gold (bars and coins) Gold jewelry (although making charges affect returns) Digital gold or gold ETFs (if accessible) Like any investment, gold should be approached strategically. Always study market movements, keep an eye on the Today Gold Rate in Kuwait, and make purchases with long-term goals in mind. Gold demand in Kuwait typically spikes during: Ramadan and Eid Wedding seasons Back-to-school periods (for gifting) Year-end holidays Prices may increase during these times due to higher demand. If you're not in a rush to buy, waiting for off-peak seasons could help you get better rates. Ignoring the Making Charges: A low gold rate doesn't always mean a better deal if making charges are too high. Not Confirming Purity: Always ensure you're getting the karat value you paid for. Impulse Buying: Buying gold without monitoring trends or comparing rates can result in overpaying. Buying Without Documentation: No certificate or receipt could hurt resale value or make selling difficult. Also Read Not Watching the Daily Price: Gold prices change frequently. Timing your purchase is essential. Gold is more than a precious metal in Kuwait—it's a symbol of heritage, wealth, and security. With fluctuating market conditions and increasing economic uncertainties, knowing the Today Gold Rate in Kuwait can help you make smarter decisions whether you're buying for personal use or investment purposes. Thanks to trusted platforms like GoldPriceMe, getting real-time updates and understanding the market has never been easier. Stay informed, shop smart, and let the timeless value of gold work for you. TIME BUSINESS NEWS
Yahoo
25-02-2025
- Business
- Yahoo
JP Morgan's $4 Billion Gamble on Gold: Should You Invest During Trump's Presidency?
In early February, J.P. Morgan announced the unusual step of importing $4 billion of gold bullion from London into the U.S. It rarely makes sense to physically move that much gold, because it's so heavy and expensive to fly. But J.P. Morgan — the world's largest bullion dealer — clearly has their reasons. To begin with, the announcement came on the heels of tariff announcements by President Donald Trump. But the numbers also added up: New York gold futures shot up past the spot prices in the London Bullion Market. That made it affordable to physically fly the gold across the Atlantic, a rare phenomenon. Find Out: Consider This: J.P. Morgan is hardly alone in bulking up their gold position, however. Investors have snatched up gold since Trump won the presidential election, causing it to jump roughly 10% in price in just two and a half months. Why have investors flocked to gold? Should you move money into it, too? Tariffs tend to drive up the price of imported goods. Read: Inflation. 'Since President Trump came into office, his broad use of tariffs to extract trade concessions has raised concerns about inflation,' explained David Weild, chairman of Dignity Gold. When prices go up in general, so do gold prices, broadly speaking. That leads many investors to see gold as a hedge against inflation. 'If inflation causes the U.S. dollar to decrease in value relative to other currencies, in dollar terms gold will rise in value,' Weild continued. 'In fact, some economists believe President Trump intentionally wants inflation, because it would lower the price of American exports and make them more competitive internationally.' Explore More: Even more than a hedge against inflation, many investors view gold as a safe haven during geopolitical upheaval. Ben Nadelstein of Monetary Metals noted that gold has stood the test of time. 'Gold has survived every political regime and monetary experiment thrown at it,' Nadelstein said. Some investors see Trump's tariffs as the opening salvo in a series of trade wars, with plenty of geopolitical risk on the horizon. Trade wars come and go, currencies rise and fall in purchasing power, but gold continues storing value for investors after millennia. Many countries and companies store much of their capital in U.S. dollars as a reserve currency. It has allowed the U.S. dollar to remain dominant over the last century, and has created stability in global financial markets. So what happens if the rest of the world stops playing by the dollar's rules? It could cause a collapse in the value of the dollar — but not the value of gold. 'Sure, gold looks expensive right now,' noted Bryan M. Kuderna, certified financial plannre (CFP) and founder of the Kuderna Financial Team. 'But when you look at investors' fear of more tariffs, of an escalated trade war, and de-dollarization, and a stock market correction, gold looks like a great hedge against these concerns.' Historically, precious metals like gold and silver have not generated income for their investors. New approaches to putting gold to work have started to change that. Monetary Metals lets investors lease their gold to vetted businesses who use it in the course of their operations, such as jewelers. 'Retail investors can generate passive income with their gold holdings, while they wait to see how Trump's policies affect their finances,' continued Nadelstein. 'It's a win-win: Investors can own gold to reduce their financial uncertainty while earning income at the same time, which makes a stronger case for holding more gold in 2025.' Yes, gold can hedge against inflation and geopolitical risk, and perhaps even earn you some interest income. But like every investment, it comes with risk. 'Gold is up 45% over the past year and 79% since 2020, but before diving in headfirst, investors should remember the 2010s,' observed Kuderna. 'Gold effectively delivered a total 0% return from 2010 to 2020 compared to a bull market in equities.' Financial planner Scott Sturgeon of Oread Wealth expands on gold's limitations. 'Gold has no intrinsic value. Its value is simply whatever the next person is willing to pay for it,' Sturgeon explained. 'Unlike stocks or real estate, a piece of metal on its own doesn't generate revenue, create jobs, expand into new lines of business, or provide shelter.' Like the stock market and cryptocurrencies, gold has spent 2025 hovering around all-time highs. Are some of them due for a correction? Only time will tell. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates This article originally appeared on JP Morgan's $4 Billion Gamble on Gold: Should You Invest During Trump's Presidency? Sign in to access your portfolio
