Hansen said gold had proven to be a solid investment throughout history.(The Daily Star/Dana Halawi)
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Lebanon should not liquidate its gold reserves because the commodity's price is likely to go up in the future, a commodity analyst said.The chances of Lebanon liquidating gold are extremely low, due to the fact that the Central Bank has over $41 billion in gold reserves, which is more than sufficient to keep the pound stable.Hansen said the price of gold was usually impacted by several factors, including the movement of stock prices.Another factor impacting the price of gold, Hansen said, was the movement of the U.S. dollar.Hansen noted as well that the upcoming U.S. presidential elections would likely have an impact on gold prices.
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