Imitations of gold bars appear in this illustration taken on Feb. 20, 2026. (Credit: Dado Ruvic/Reuters)
BEIRUT — Gold and silver prices plunged on Thursday, with spot gold falling to $4,618 an ounce at 6:38 p.m. Beirut time, down 5.32 percent, and spot silver dropping to $76.20, down 3.64 percent, marking their lowest levels in nearly a month.The decline came despite the ongoing U.S.-Israeli war in Iran and heightened regional turmoil, circumstances that would normally trigger rising metal prices.Gold is typically sought as a safe-haven in periods of geopolitical tensions and inflation fears, making Thursday's decline a sign that a different set of market dynamics was driving prices. In the news Gasoline up more than 25% since start of war in Lebanon, diesel up 50% ‘Not a market crash’Walid Abu Sleiman, co-founder and chairman of Aksys Global Markets, said gold prices fell today in response to the Federal Reserve’s (Fed) decision...
BEIRUT — Gold and silver prices plunged on Thursday, with spot gold falling to $4,618 an ounce at 6:38 p.m. Beirut time, down 5.32 percent, and spot silver dropping to $76.20, down 3.64 percent, marking their lowest levels in nearly a month.The decline came despite the ongoing U.S.-Israeli war in Iran and heightened regional turmoil, circumstances that would normally trigger rising metal prices.Gold is typically sought as a safe-haven in periods of geopolitical tensions and inflation fears, making Thursday's decline a sign that a different set of market dynamics was driving prices. In the news Gasoline up more than 25% since start of war in Lebanon, diesel up 50% ‘Not a market crash’Walid Abu Sleiman, co-founder and chairman of Aksys Global Markets, said gold prices fell today in response to the Federal Reserve’s (Fed)...
Israel, Lebanon agree to implement cease-fire, boosting hopes for Iran deal