Gold fluctuations baffle Lebanese jewellers, gold market

Al JazeeraCenterEN 4 min read 100% complete by Justin SalhaniFebruary 6, 2026 at 08:03 AM

AI Summary

long article 4 min

Lebanese jewellers and commodity traders are struggling to understand the recent fluctuations in gold and silver prices, which have seen a 20% increase in just one day. The price of gold has hovered at around $5,000 per troy ounce, with prices ranging from $4,600 to $5,595 since January 28th. Simon Bouri, a Beirut-based jeweller, described the situation as "crazy" and said that no one can predict what will happen next. The recent price surge is unusual, even compared to other significant events such as the Chornobyl nuclear disaster in 1986. Lebanon has been experiencing an economic crisis since 2019, leading many to invest in gold as a safe-haven asset. The recent instability in the Middle East and global economic uncertainty may be contributing factors to the price fluctuations.

Key Entities & Roles

Key Player Opposition Context

Iran 30% Munich 30% Germany 30% United States 40% Ukraine 40% Donald Trump 50% Aziz Arida ×360% Chornobyl 60% Simon Bouri ×370% Beirut ×280% Lebanon ×290%

Keywords

gold price fluctuations 100% lebanese jewellers 80% gold market 70% precious metals 60% economic crisis 60% safe investment 50% geopolitical uncertainty 50% commodities 40% inflation 40%

Sentiment Analysis

Negative

Score: -0.40

Source Transparency

Source

Al Jazeera

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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gold price fluctuations lebanese jewellers gold market precious metals economic crisis safe investment geopolitical uncertainty commodities inflation

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