From the beginning of the year until the end of June, Kuwaiti citizens and residents bought about 9 tons of gold in the form of ingots, coins and jewelry. In value terms, the volume of demand turned out to be the same as for the same period last year. However, something has changed: the share of purchases of investment physical gold increased to 23.3% (2.1 tons), and jewelry - decreased to 76.7% (6.9 tons).
This is due to global geopolitical instability, as well as the Fed's interest rate hikes, which have increased the dollar's appeal and the need to increase its savings. In Kuwait, investors began to buy more investment coins and bullion against this background.