Zakerzadeh: Buying Gold from Cyberspace Carries High Risk

The head of the Gold and Jewelry Association of Gorgan County said buying gold through social media and other online spaces carries high risk, and urged people to purchase gold only from licensed businesses. These remarks came as gold prices extended their decline amid rising risks in the Middle East and comments from a U.S. Federal Reserve official.

• The head of the Gold and Jewelry Association of Gorgan County described buying gold online as risky.
• He urged people to buy gold only from licensed businesses.
• Gold prices have maintained their decline as risks in the Middle East have increased.
• Comments by a U.S. Federal Reserve official have also helped keep the downward trend in gold prices in place.. Coverage difference: Mehr News Agency focused on domestic advice to citizens regarding gold purchases and the risks associated with online platforms. In contrast, Bloomberg examined broader economic and geopolitical factors, such as rising risks in the Middle East and remarks by U.S. Federal Reserve officials, as reasons for the decline in gold prices.