Kuwait Gold Surges to KD 41.23/g — Bullish Sentiment Heats Up
Local demand and global uncertainty pushed 24-karat gold in Kuwait to KD 41.23 per gram last week, as gold’s safe-haven appeal strengthens.
24-karat gold hit KD 41.23/g (~US $135); 22-karat traded at about KD 37.38/g (~US $123).
In global markets, gold recently closed near US $4,198/oz, buoyed by expectations of US interest-rate cuts and rising geopolitical risks.
The surge is driven by safe-haven demand amid global economic uncertainty and potential policy shifts, boosting gold’s global — and local Gulf — appeal.
With both local and global drivers aligning — rate-cut hopes, macro uncertainty, and regional demand — Kuwaiti gold buyers (and Middle-East investors) may continue to view gold as a hedge, pushing prices higher in the short term.
