Economic situation collapse threatens the gold sector in Yemen

Yemeni people struggle with high gold prices amid poor living conditions and economic deterioration. Gold dealers in the Yemeni city of Aden complained about the lack of citizens’ desire to buy gold, especially those who are about to get married and those who are thrifty enthusiasts.

According to traders, demand and supply for the yellow metal fell sharply due to the security chaos and the repercussions of the Russian-Ukrainian war, which led to a decline in sales during the recent period.