Gold fluctuations baffle
jewelers and gold market

Al Jazeera

old has therefore been seen as a relatively safe investment for Lebanese.

Seeing the sharp spike in cost per ounce will have led some in the country to try to sell some of their gold. But jewellers like Simon are hesitant to buy at the moment.

“It’s definitely affecting business,” Simon said. “Yesterday, a customer wanted to sell me something with gold, but I couldn’t buy it. What if I bought it from him for a certain price, and the second day it costs 10 to 20 percent less?” FULL STORY