Massive Losses in Gold Markets and Collective Move to Buy Bullion in Kuwait

The gold and silver markets have experienced an unexpected decline in recent days, leading to significant losses for investors. The price of the yellow metal has sharply decreased, while silver has seen a similar drop, causing a wave of concern among investors and raising fears about the stability of global precious metal markets.

Investors Turn to Direct Purchases

Individuals have responded to the price drop by purchasing bullion directly, hoping to take advantage of the decline and resell it when prices rise. In this context, Kuwaiti markets have recorded notable activity in gold purchases, both through traditional stores and approved digital applications, with waiting times for delivery of purchases reaching several days.

High Demand for Various Weights

Experts and gold shops confirmed that the highest demand was for bullion and gold coins of various weights, ranging from small bars to gold lira, whether Swiss or Ottoman. They explained that selling prices were directly linked to the announced global prices, reflecting a high sensitivity to market fluctuations.

Impact on Investors and Global Markets

This recent decline reflects the direct impact of fluctuations in precious metal prices on investors, as losses have led to a reassessment of buying and selling strategies, with expectations of continued interest in direct purchases if prices stabilize or a new upward trend begins.