PARON

From $11.8 to $10.2 Billion Over Weeks.. Nassef Sawiris Loses $1.6 Billion From His Wealth as Gold Prices Decline Globally
Egyptian businessman Nassef Sawiris's wealth has declined by more than $1.5 billion since tensions related to Iran war escalated, affected by the sharp drop in global gold prices, which directly impacted his investments in the precious metal.
According to the Bloomberg index, Sawiris's wealth peaked at $11.8 billion on February 28, 2026, before declining to approximately $10.2 billion as gold prices fell.
These losses, estimated at around $1.6 billion, resulted from the cl

Bank (UBS) has revealed its gold price forecast for the coming period, amid escalating geopolitical tensions, particularly with the ongoing war in the Middle East.
The bank clarified that the target price could reach $6,200 per ounce by the end of 2026, supported by geopolitical risks and a favorable macroeconomic environment.
Gold is currently trading at $4,500 per ounce, after declining from over $5,400 at the beginning of the war with Iran. As events escalated, the metal's price began to fall, countering an increased investor shift toward holding cash liquidity.
However, the bank believes t

Chief Market Strategist at Equity Group: 8% Gold Decline and 10% Silver Drop is Not a Safe-Haven Move but an Inflationary Shock
Noor Al-Din Al-Hammouri, Chief Market Strategist at Equity Group, said that the 8% decline in gold and 10% decline in silver due to escalating war may seem like an illogical headline.
Al-Hammouri clarified in a post on (x), this is not a move toward safe havens. This is an inflationary shock. Rising oil prices ← Rising bond yields ← Rising US dollar ← Falling gold prices. This is the radical shift.
It is worth noting that the price of gold per ounce reached approximat