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Gold surges past $3,000 per ounce amid rising demand
Gold is reaching its peak value of nearly $3,000 per troy ounce. Demand is skyrocketing and is sustaining longer than usual, lasting more than three m o n t h s instead of the typical one to two weeks. It is expected that gold could surpass $3,500 per ounce by the end of this year. Fears of trade wars by the US administration and inflation are pushing investors toward safer investments, with gold being the preferred choice in the short term. Gold has surged past $3,000 per ounce, marking a tenfold increase since the year 2000 and significantly outperforming major stock indices.
Kamel Al-Harami
Gold has been performing well among assets, particularly with the arrival of the new U.S. administration. It has risen by about 15 percent since January of this year, due to U.S. tariff policies and the imposition of various import taxes. These factors are contributing to infl ation concerns as well as raising fears of an economic slowdown. As a result, investors are turning to gold as a safe asset to secure their investments both in the short and long term. One advantage of gold is its transparency. It can be bought and sold anywhere in the world. Its price is transparent, with no major restrictions. London and New York are the world¡¯s main gold trading centers. In London, gold is typically traded in 400-troy ounce bars, weighing about 12.5 kg. In New York, however, the standard is a 1 kg bar, similar to those used in Kuwait.
This means gold is often transported from London to New York via Switzerland, which is home to the world¡¯s largest gold refineries, where it is melted down and recast. Recent changes in U.S. trade policies and the imposition of tariffs have led to higher gold prices in the U.S. compared to London, creating trading opportunities to transport gold across the Atlantic. Gold is the yellow metal found in almost every home, and for good reason. It is easy to buy, easy to sell, and most importantly, its price is transparent. Above all, gold is a long-term safe haven for security. It is always there when you need it most.
By Kamel Al-Harami Independent Oil Analyst
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how to get appointment for address change? Keeping your Civil ID address updated is essential. The Meta Portal makes booking an appointment for an address change simple. Log in to the portal or the Sahel app, go to Civil ID services, select “Address Change Appointment,” and choose your preferred date and time. It’s a quick and convenient process to ensure your address is current.
how to get appointment for address change
how to get appointment for address change? Here are the main steps that can be followed to get an appointment for an address change:
For Residents
- Log in to the Meta Portal.
- Click on “Appointments” from the dashboard.
- Select “Public Authority for Civil Information.”
- Choose “Personal Services” and find the “Change of Address” option.
- Pick your preferred department.
- Select a convenient date and time for the appointment.
- Review and submit your request.
For Gulf Citizens
- Go to the Meta Portal and login.
- Navigate to the “Appointments” section.
- Select “Public Authority for Civil Information.”
- Choose “Personal Services” and locate the “Gulf Citizen Change Address” service.
- Pick a branch near you.
- Choose your preferred date and time.
- Confirm your details and finalize the booking.
Documents Required for Address Change
For Residents:
- Two recent photos (4 × 6 cm).
- A copy of the passport is required for each family member.
- Lease agreement or house owner’s Civil ID copy.
- Envelope for submission.
For Gulf Citizens:
- Similar requirements as residents with additional proof of Gulf citizenship if applicable.
read also: how to get appointment via meta online?
Fees for Address Change
- Smart card fees: 5 KD
- Plastic card fees (for domestic staff): 2 KD
- Envelope fee: 0.250 KD
Steps to Change Your Address After Booking
- Visit the PACI headquarters at Zahra.
- Submit the required documents at the Citizens’ Office on the first floor.
- Fill out the service application forms.
- Pay the applicable fees to process the address change.
Updating your Civil ID address is essential for staying compliant with Kuwait’s regulations and avoiding unnecessary issues. Thanks to the Meta Portal, the process is faster and easier than ever. So why wait? Book your appointment today and keep your information up-to-date.
How do I change my address on my Civil ID?
Log in to the Meta Portal, navigate to the “Change of Address” service, and book your appointment.
Can Gulf citizens update their addresses using the Meta Portal?
Yes, Gulf citizens can use the Meta Portal to update their Civil ID address conveniently.
What happens if I miss my appointment?
You can reschedule your appointment via the Meta Portal or contact PACI for assistance.
Are there fees for changing my address?
Yes, fees include smart card costs (5 KD), plastic card fees (2 KD), and an envelope fee (0.250 KD).
Do I need to bring all family members’ passports?
Yes, a copy of each family member’s passport is required for the address change process.
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