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Qatar’s Gold Market Sees Price Hike, Driven by Economic Uncertainty

 
Gold prices in Qatar have surged 2.15% this week, reaching $3,049.50 per ounce, according to a report from Qatar National Bank (QNB). This increase from $2,985.04 per ounce last Sunday underscores the impact of global market volatility on precious metals.
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Analysts cite multiple factors behind this trend, particularly economic uncertainty, fluctuations in the US dollar, and rising investor interest in safe-haven assets. Historically, gold has been a preferred hedge against financial instability, and its continued demand suggests investors remain cautious about future market conditions.

Also read :Qatar’s Gold Market Sees Price Hike, Driven by Economic Uncertainty

Other precious metals also saw slight increases. Silver edged up 0.05% to $33.848 per ounce, while platinum recorded a 0.15% gain to $1,001.857 per ounce.

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With market dynamics shifting, investors are keeping a close watch on economic indicators and monetary policy changes that could further influence gold and metal prices in Qatar and globally.

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