Akrim Shehab: Decision-makers are among the most influential factors on gold prices Akrim Shehab: With the escalation of political events, gold begins to decline Akrim Shehab: A 30% increase in demand for gold with the onset of current events

A member of the administrative board of the General Syndicate of Jewelry Shop Owners, Akrim Shehab, confirmed that geopolitical factors play a major role in the fluctuation of global gold prices, which is directly reflected in Middle Eastern markets, including the Jordanian market, as well as Arab and international markets.

Shehab explained in exclusive statements to "Ro'ya TV" that political statements issued by global decision-makers are among the most prominent factors affecting gold prices, as they lead to noticeable movements upward or downward, noting that each statement carries direct implications for stock markets and precious metals markets.

Relative decline

He added that, looking back at historical events, any political escalation or signs of tension prior to the outbreak of conflicts often pushes gold prices to rise continuously, as it is considered a safe haven during periods of instability, while prices may witness a relative decline when military operations begin, due to changes in market behavior. Shehab pointed out that rumors play an influential role in society’s behavior toward saving gold, as fears related to inflation, currency decline, or digital currencies drive increased demand for purchasing gold as a means of preserving value.

"Golden advice" In this context, he advised the necessity of saving gold for those who have the financial means, considering it a relatively safe option, especially in light of global economic fluctuations. He also noted a growing trend among citizens toward purchasing coins and gold liras, as they are among the preferred saving tools, especially for those with surplus funds.

He indicated that the demand for gold has witnessed an estimated increase of about 30% since the start of the ongoing war, amid a state of instability in global markets due to geopolitical factors, stressing that these factors lead to a general state of instability in financial markets.

Shehab also addressed the impact of some international political statements on markets, noting that positions and statements issued by leaders of major countries may lead to a decline in stock markets before they rise again once the picture becomes clearer or tensions ease, reflecting the sensitivity of markets to news and expectations.

He emphasized that global markets move largely based on expectations, explaining that investors sometimes have to make decisions to sell or buy various assets, including gold and silver, as they are among the assets that are resorted to in times of instability.

In conclusion of his remarks, Shehab advised those about to get married to consider gold as a long-term savings option, even if its prices rise, considering it a safe haven that preserves value over time amid the ongoing global economic changes.