Will the ounce exceed $ 3,600: a golden advice for the Lebanese to keep savings

The ounce will exceed 3600 dollars: a golden advice for the Lebanese to maintain savings

I witnessed prices gold Recently, a noticeable increase, to reach unprecedented levels during the past two weeks, which drew attention to this precious metal, which is considered a safe havens in difficult economic times.
This rise is due to several economic and geopolitical factors that directly affect the global gold markets.
In this context, Bashir Hassoun, one of the leading gold merchants in Lebanon, expected that gold prices will continue to rise to exceed the barrier of $ 3600 an ounce in the coming period, which makes this mineral more attractive to investors and citizens alike.

Optimistic expectations: Gold may reach a new top

In an exclusive interview with “Libanon Debate”, Hassoun explained that gold recently gave a valuable opportunity to buy, as prices fell to the level of $ 3,200 to the ounce, which he considered a golden opportunity for investors who took advantage of this decline.
He added that the prices are currently in contact with the level of $ 3370 per ounce, and despite this increase, he sees that there is more bullish momentum that will continue in the coming days.
He pointed out that geopolitical and economic factors, especially in light of global tensions, will contribute to pushing gold to higher levels.

Hassoun stresses that gold is currently an ideal choice for individuals who want to maintain the value of their savings, especially in light of the global economic challenges that are looming on the horizon. The precious metal is expected to witness more rises in the near future, as it is expected that the barrier of $ 3,600 an ounce.

Geopolitical and economic factors: strong support for gold prices

Several factors contribute to the rise in gold prices, most notably the troubled global economic situation, as well as the ongoing geopolitical pressures.
In this regard, Hassoun pointed out that the gold market is awaiting today, Wednesday, the expected decision of the American Federal Reserve on interest rates, which is expected to have a significant impact on the movement of gold.
Federal Reserve President Jerome Powell, will be pivotal in determining market trends, as they can lead to fluctuations in price DollarAnd therefore in gold prices.

Historically, gold is a safe haven in times of economic and financial turmoil, as investors seek to keep their money from erosion caused by inflation or currency oscillation.
With the increasing concern of potential financial crises, the demand for gold increases significantly, which causes its prices to rise.

Gold as a safe haven in light of the erosion of the value of the dollar

Bashir Hassoun also stressed that buying gold today is not with the aim of achieving rapid profit, but rather with the aim of maintaining capital and protecting savings in light of the continuous decline in the value of the US dollar.
He pointed out that the US dollar has lost about 12% of its value since the beginning of the year only, which shows the erosion of the purchasing power of the American currency significantly.
This continuous decrease in the value of the dollar is one of the most prominent factors that lead individuals to convert their savings into gold, which is a safer option in such times.

In this context, Hassoun confirms that gold is the best choice for Lebanese who suffer from the deterioration of the value of the local currency and their low purchasing power.
Where the precious metal is a protective shield against local and international economic and financial challenges, and allows individuals to maintain the value of their savings over time.

Gold advice for Lebanese: a safe investment in times of crisis

During his speech, Hassoun gave advice to the Lebanese who possess some savings: “Keep your tiredness to buy gold, as it is the safe and best option in these volatile global circumstances.”
This advice stems from the long experience in the gold market and a deep knowledge of its moves in the global markets.
Although gold prices have witnessed a remarkable increase in the recent period, Hassoun believes that this mineral will continue to rise in the future,
Especially with the continued global economic and political conditions in influencing the market and precious mineral markets.

He believes that the people who invested in gold during the period of declining prices to 3,200 dollars have achieved good benefit, noting that gold will remain the best option to protect wealth in difficult economic times.
The continuous fluctuations in the stock markets and currencies make gold a preferred choice for investors who seek to avoid risks associated with investment in other assets.

Gold in light of the Lebanese crisis: a safe haven in times of doubt

The role of gold in Lebanon is not limited to being mere financial investment, but also a safe haven for many Lebanese who have lost confidence in the banking system and local currency in light of the continuous economic crisis in the country.
With the deterioration of the value of the Lebanese lira continuously, gold became an essential tool to preserve the value of savings and avoid the large losses that individuals may be exposed to if their money is left in banks or in the local currency.

Although many Lebanese are facing great challenges in obtaining hard currency, gold remains the safest option for many Lebanese families seeking to maintain their financial value.
Accordingly, the Lebanese gold market is witnessing a great activity in light of the increasing demand for the precious metal.

Future expectations: Gold will remain at the top

Given global economic developments, analysts expect gold prices to go up in the coming months. Some link this rise with expectations that interest rates will remain low, which supports the demand for gold as a safe investment tool. The volatile political and geopolitical situation in many regions of the world will continue to support this upward trend.

Investors in Lebanon are also working to monitor global moves, as expectations increase that gold will reach new record levels in light of the continuation of global economic and financial crises.
It is expected that the precious metal will be more attractive to investors in the coming months, as the safest option to keep the capital remains in light of instability.

Bashir Hassoun’s advice is a warning to the Lebanese of the importance of investing savings in gold as a safe option in light of the difficult economic conditions.
With expectations for the rise in gold prices to record levels, gold remains one of the best means to maintain the value of money, whether in Lebanon or around the world.