Ayman shape
After exceeding the barrier of 3300 dollars an ounce yesterday morning for the first time, the price of the ounce of gold in the Bahraini market exceeded 3 thousand dinars, and the 24 -carat gold alloy exceeded 100 grams of 4 thousand dinars.
This price is the highest ever in gold prices in the Bahraini market, where Adel Khalaf, the owner of “Khalaf Gold” stores, stated that expectations indicate more rises that the yellow metal will witness, despite his arrival in this unprecedented level.
Khalaf explained that despite the significant increase in prices, the demand was not affected by a decrease in what is happening, and there are clients who still invest their savings in safe investment, after other investments were affected by US President Donald Trump’s decisions to raise customs duties on the imports of countries of the world to America.
The owner of the “Khalaf Gold” store denied the scarcity of gold bars, which is witnessing a high demand recently, stressing that it is available and available for sale and purchase.
He said: “It may sometimes happen delay in receiving the gold received from our factory in the Emirates for a few hours or a day at the latest, but the alloys with all their weights are available, and there was no shortage of the Bahraini market.”
Gold recorded its highest level ever yesterday, Wednesday, supported by the decline in the US dollar, the escalation of trade tensions, and fears of slowing global economic growth, which increased the demand for precious metal as a safe haven.
The instant gold price increased by 2.74 percent to 3316.36 dollars an ounce at 8:19 am Greenwich time, after reaching its highest level in the session at 3317.92 dollars an ounce, exceeding the level of $ 3300 for the first time at all.
