Amine Gemayel to Asharq Al-Awsat: At Saddam’s Request, I Tried to Prevent the American War on Iraq 

Gemayel maintained good relations with Saudi leaders from the era of King Faisal to that of King Salman. (Courtesy of Amine Gemayel)
Gemayel maintained good relations with Saudi leaders from the era of King Faisal to that of King Salman. (Courtesy of Amine Gemayel)
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Amine Gemayel to Asharq Al-Awsat: At Saddam’s Request, I Tried to Prevent the American War on Iraq 

Gemayel maintained good relations with Saudi leaders from the era of King Faisal to that of King Salman. (Courtesy of Amine Gemayel)
Gemayel maintained good relations with Saudi leaders from the era of King Faisal to that of King Salman. (Courtesy of Amine Gemayel)

Lebanese former President Amine Gemayel’s term (1982–1988) was difficult and turbulent. The Lebanese people were divided, and regional and international conflicts over Lebanon intensified. His presidency began amid the aftermath of the Israeli invasion of Beirut and the assassination of his brother, President-elect Bashir Gemayel. The difficult developments followed swiftly.

In the year following the 1982 invasion, Moscow and Damascus supported Walid Jumblatt, head of the Progressive Socialist Party, sparking the “Mountain War,” which deeply fractured the Druze–Maronite coexistence in the region. In 1984, Damascus backed Nabih Berri, head of the Amal Movement, leading to the “February 6 Intifada,” which shifted the sectarian power balance in Lebanon, which was in the throes of its 1975-1990 civil war.

Another significant event occurred in 1983 when suicide bombers attacked the barracks of the US Marines and French troops in the multinational peacekeeping force, killing hundreds and prompting Western withdrawal. Amid those explosions, Hezbollah was born—a force that would later become the most dominant player in Lebanon, particularly after inheriting Syria’s role there. During Gemayel’s term, Syria attempted to broker a “militia peace,” but the so-called “Tripartite Agreement” collapsed, paving the way for more wars and negotiation rounds.

Gemayel did not surrender to efforts aimed at controlling or isolating his presidency. He worked to maintain Lebanon’s relations with the West, strengthened ties with moderate Arab countries, and built relationships with leaders such as Iraq’s Saddam Hussein and Libya’s Moammar al-Gaddafi, as he recounts in the final part of his interview with Asharq Al-Awsat.

Amine Gemayel sits down for an interview with Asharq Al-Awsat Editor-in-Chief Ghassan Charbel. (Asharq Al-Awsat)

Close relationship with Saudi Arabia and its kings

Asked about his relationship with Saudi Arabia, beginning with his visit alongside his father, Pierre, to meet King Faisal bin Abdulaziz, Gemayel said: “I’m proud of that relationship. I’m proud to have met all the kings—from King Faisal to King Salman. There isn’t one of them with whom I didn’t have a close personal relationship, and I take pride in that. Most of them had a special affection for me.”

He added: “At this time in Lebanon’s history, Saudi Arabia is the elder brother. Saudi Arabia never stabbed Lebanon in the back. It was always by Lebanon’s side through good times and bad, offering moral, social, and humanitarian support. You can’t deny that. You have to appreciate and respect those who stood by you in tough times.”

He also recounted a fond memory involving King Salman: “May God prolong his life. When he was governor of Riyadh, I used to visit him regularly. The Riyadh office knew me well. Every time I came to the Kingdom, it was expected that I’d visit the governorate.”

“Once, when I had an appointment with him, he took me to the desert to a camp of his—traditional tents, but inside one of them was a high-tech office with internet and modern communications. He told me he could contact anyone from there at any time. I asked if I could call home. He replied, ‘No.’ I was surprised. Then he said, ‘You can’t call home because your home is here.’ That’s how warm the atmosphere was. I truly appreciated his gesture.”

He continued: “In Lebanon’s difficult days, the Kingdom was always by our side. Even today—despite frustration with Lebanon’s ingratitude or Iranian influence—Saudi Arabia still has Lebanon in its heart. It waited for the first opportunity to return and help. Today’s hope in Lebanon is due to the Kingdom’s full weight and influence, working to restore Lebanon’s institutions and stability.”

Saddam’s armored car

Regarding his relationship with Saddam, Gemayel said: “It was a very warm relationship. I visited him several times in Baghdad. Once, during my presidency, there was an assassination attempt against me. He called and asked, ‘What are you doing about your security? They say you need better protection.’ I told him we were doing our best and relying on God. He said, ‘That’s not good enough—I’ll send you my car.’ The next day, his armored car arrived by plane—fully fortified inside and out.”

That relationship lasted until Saddam’s final days in power. Gemayel recalled: “On the eve of the (American) war, he sent word asking to meet. I went to Baghdad. He told me, ‘Things aren’t going well with the Americans. You have good relations with them—can you help us understand their intentions?’ I told him the issue was bigger than me. I had good contacts, but not at the presidential level anymore. He asked me to try anyway. So I went to the US, met with some people, but avoided senior officials to avoid media attention.”

Gemayel’s cousin, a top US lawyer with ties to James Baker, helped arrange a meeting: “We met Baker, who was almost retired but still influential. After a few days, he said he saw a glimmer of hope. He jokingly pulled out a stack of one-dollar bills and asked when I was born. I said December 1942. He found a bill with a serial number matching my birthdate, signed it, and gave it to me for luck. I still have it.”

Saddam Hussein welcomes Gemayel in Baghdad. (Courtesy of Amine Gemayel)

“Sadly, it didn’t work. The Americans had made up their minds. Many tried—including the Vatican—but nothing succeeded. Still, it was an effort made at Saddam’s request.”

Gemayel added: “My ties with Saddam and his team, especially Foreign Minister Tariq Aziz, remained very good. Saddam wanted to help Lebanon. But his relationship with (Syrian President) Hafez al-Assad was bad. They had mutual hatred. I still have the armored Mercedes he sent me—top-level protection, still in excellent condition.”

Asked about Saddam’s personal demeanor, Gemayel said: “Very approachable. One-on-one, there was no protocol. He was warm and engaging—you forget he’s this powerful figure. But reaching him was a maze—multiple layers of security and misdirection. You’d think you were meeting Saddam, only to find it was a lookalike. Eventually, you’d be taken to a modest house far from the airport, where the real Saddam would be waiting.”

On Iraq’s invasion of Kuwait, he said: “Kuwait’s issue with Iraq is old, like Lebanon’s issue with Syria. But historical claims don’t justify violating sovereignty or erasing borders. Despite my personal ties with Saddam, we strongly opposed the invasion of Kuwait—a country with excellent relations with Lebanon. Just as we rejected Assad’s plans to annex Lebanon to Syria, we rejected Saddam’s attempt to annex Kuwait.”

Gemayel and Gaddafi: From estrangement to friendship

Gemayel’s relationship with Gaddafi began with tension but later transformed into friendship. He recalled: “When I became president, Libya, without coordination, sent military forces to Lebanon. That was illegal and against Arab League protocols. I sent Gaddafi a message demanding their withdrawal. He refused and took a hostile media stance. So I cut diplomatic ties with Libya early in my presidency.”

Later, Moroccan King Hassan II helped mediate: “I had a close relationship with King Hassan II. He invited me to a private dinner in Morocco. During the meal, he left twice—unusual for him. The second time, he returned smiling and said, ‘Gaddafi is on the phone—he wants to meet you.’ I was surprised and hesitant, especially with the issue of Imam Moussa al-Sadr still unresolved. But the king reassured me, saying Gaddafi had promised a new page. He offered his own plane and a senior minister to accompany me to guarantee safety.”

Amine Gemayel had a frosty relationship with Moammar al-Gaddafi that turned to friendship. (Courtesy of Amine Gemayel)

They traveled secretly, landed at a military airport in Libya, and met Gaddafi. Gemayel recounted: “He was extremely courteous and warm. We had a long conversation and agreed to reset relations. He asked how Libya could support Lebanon internationally. I thanked him, and flew back to Beirut.”

“But during our flight, Israeli radio reported that my plane had disappeared en route from Morocco. Panic erupted in Beirut—emergency meetings, calls to the US, plans to file complaints at the UN and Arab League. My wife was informed. She calmly said, ‘I’m not worried. Amine does these things—there must be good behind it.’ Eventually, the king reassured everyone I was fine.”

After that, Gemayel and Gaddafi maintained a cordial relationship: “He would often insist I visit. During the Arab Summit in Algiers, our seats were side by side. Gaddafi wanted a statement condemning the US raid on Tripoli that killed his adopted daughter. I proposed he draft a statement to be added to the final communiqué. I wrote it for him. He loved it.”

“There was also an issue with his tent. He refused to stay in a hotel and insisted on his tent. Algerian security and President Chadli Benjedid objected. Gaddafi threatened to leave. I mediated, and in the end, he sent the tent as a gift to my plane.”

Gaddafi never discussed the disappearance of al-Sadr with Gemayel. Gemayel said Syrian intelligence had reportedly played a role in the disappearance, as it controlled Libyan airports at the time. The mass popularity of al-Sadr was said to have disturbed the Syrian regime because his vision for Lebanon’s Shiites conflicted with Syria’s agenda.

Despite all the hardships of his presidency, Gemayel said he harbors no bitterness: “I have peace of mind knowing I stayed true to national principles and did my best.”

He expressed satisfaction with his son Sami Gemayel’s political path as a lawmaker and head of the Kataeb Party, and praised President Joseph Aoun’s guidance of the army and Prime Minister Nawaf Salam’s professional record—wishing success for the current leadership in Lebanon.



What Lies Ahead for Ukraine’s Contested Zaporizhzhia Nuclear Power Plant?

A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
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What Lies Ahead for Ukraine’s Contested Zaporizhzhia Nuclear Power Plant?

A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)

The Zaporizhzhia nuclear power plant, Europe's largest, is one of the main sticking points in US President Donald Trump's peace plan to end the nearly four-year war between Russia and Ukraine. The issue is one of 20 points laid out by Ukrainian President Volodymyr Zelenskiy in a framework peace proposal.

Here are some of the issues regarding the facility:

WHAT ROLE MAY THE US PLAY?

Russia took control of the plant in March 2022 and announced plans to connect it to its power grid. Almost all countries consider that it belongs to Ukraine but Russia says it is owned by Russia and a unit of Russia's state-owned Rosatom nuclear corporation runs the plant.

Zelenskiy stated at the end of December that the US side had proposed joint trilateral operation of the nuclear power plant with an American chief manager.

Zelenskiy said the Ukrainian proposal envisages Ukrainian-American use of the plant, with the US itself determining how to use 50% of the energy produced.

Russia has considered joint Russian-US use of the plant, according to the Kommersant newspaper.

WHAT IS ITS CURRENT STATUS?

The plant is located in Enerhodar on the banks ‌of the Dnipro River and ‌the Kakhovka Reservoir, 550 km (342 miles) southeast of the capital Kyiv.

The Zaporizhzhia nuclear power plant has ‌six ⁠Soviet-designed reactors. They were ‌all built in the 1980s, although the sixth only came online in the mid-1990s after the collapse of the Soviet Union. It has a total capacity of 5.7 gigawatts, according to an International Atomic Energy Agency (IAEA) database.

Four of the six reactors no longer use Russian nuclear fuel, having switched to fuel produced by then-US nuclear equipment supplier Westinghouse.

After Russia took control of the station, it shut down five of its six reactors and the last reactor ceased to produce electricity in September 2022. Rosatom said in 2025 that it was ready to return the US fuel to the United States.

According to the Russian management of the plant, all six reactors are in "cold shutdown."

Both Russia and Ukraine have accused each other of striking the nuclear plant and of severing power lines to the plant.

The plant's equipment is powered by ⁠electricity supplied from Ukraine. Over the past four years these supplies have been interrupted at least eleven times due to breaks in power lines, forcing the plant to switch to emergency diesel generators.

Emergency generators ‌on site can supply electricity to keep the reactors cool if external power lines are cut.

IAEA ‍Director General Rafael Grossi says that fighting a war around a nuclear ‍plant has put nuclear safety and security in constant jeopardy.

WHY DOES RUSSIA WANT ZAPORIZHZHIA PLANT?

Russia has been preparing to restart the station but ‍says that doing so will depend on the situation in the area. Rosatom chief Alexei Likhachev has not ruled out the supply of electricity produced there to parts of Ukraine.

Oleksandr Kharchenko, director of the Energy Research Center in Kyiv, said Moscow intended to use the plant to cover a significant energy deficit in Russia's south.

"That's why they are fighting so hard for this station," he said.

In December 2025, Russia's Federal Service for Environmental, Technological and Nuclear Supervision issued a license for the operation of reactor No. 1, a key step towards restarting the reactor.

Ukraine's energy ministry called the move illegal and irresponsible, risking a nuclear accident.

WHY DOES UKRAINE NEED THE PLANT?

Russia has been pummeling Ukraine's energy infrastructure for months and some areas have had blackouts during winter.

In recent ⁠months, Russia has sharply increased both the scale and intensity of its attacks on Ukraine's energy sector, plunging entire regions into darkness.

Analysts say Ukraine's generation capacity deficit is about 4 gigawatts, or the equivalent of four Zaporizhzhia reactors.

Kharchenko says it would take Ukraine five to seven years to build the generating capacity to compensate for the loss of the Zaporizhzhia plant.

Kharchenko said that if Kyiv regained control of the plant, it would take at least two to three years to understand what condition it was in and another three years to restore the equipment and return it to full operations.

Both Ukrainian state nuclear operator Energoatom and Kharchenko said that Ukraine did not know the real condition of the nuclear power plant today.

WHAT ABOUT COOLING FUEL AT THE PLANT?

In the long term, there is the unresolved problem of the lack of water resources to cool the reactors after the vast Kakhovka hydro-electric dam was blown up in 2023, destroying the reservoir that supplied water to the plant.

Besides the reactors, there are also spent fuel pools at each reactor site used to cool down used nuclear fuel. Without water supply to the pools, the water evaporates and the temperatures increase, risking fire.

An emission of hydrogen from a spent fuel pool caused an explosion in Japan's Fukushima nuclear disaster in ‌2011.

Energoatom said the level of the Zaporizhzhia power plant cooling pond had dropped by more than 15%, or 3 meters, since the destruction of the dam, and continued to fall.

Ukrainian officials previously said the available water reserves may be sufficient to operate one or, at most, two nuclear reactors.


Egypt, Trump Reaffirm Strategic Alliance in 2025 amid Regional Turmoil

Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
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Egypt, Trump Reaffirm Strategic Alliance in 2025 amid Regional Turmoil

Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)

After months of speculation over the trajectory of Egyptian-US relations, fueled by persistent talk of strain and an impending rift, a high-level meeting between President Donald Trump and President Abdel Fattah al-Sisi in Sharm el-Sheikh reaffirmed the resilience of the strategic alliance between Cairo and Washington, even as the region remains in turmoil.

The meeting followed a turbulent period marked by Trump’s adoption of a proposal to relocate Gaza’s population, an idea firmly rejected by Sisi and one that prompted warnings of a diplomatic crisis between the two longtime allies.

The subsequent signing of a Gaza peace agreement in Sharm el-Sheikh sent a clear signal that, despite sharp disagreements over policy, the foundations of the bilateral relationship remain intact.

Early in Trump’s second term, media reports said Sisi had scrapped plans to visit Washington. As the year draws to a close, speculation has said that the visit may happen. Trump has acknowledged Sisi as a friend and said he would be happy to meet him as well.

Trump’s election victory late last year raised Egyptian hopes of strengthening the strategic partnership. Sisi voiced that expectation in a congratulatory post on X, stating that he looked forward to working together with Trump to achieve peace, preserve regional peace and stability, and strengthen the strategic partnership.

Those hopes were tested when Trump floated a plan to “clean out Gaza” and relocate its residents to Egypt and Jordan. Cairo rejected the idea outright, mobilized international opposition, unveiled an alternative plan for Gaza’s reconstruction and hosted an emergency summit on the issue in March.

Limited public engagement

David Butter, a research fellow in the Middle East and North Africa program at Chatham House, noted that the striking feature of Egypt-US ties over the past year has been their low public profile.

Aside from Trump’s appearance in Sharm el-Sheikh, there was not much happening in the open, he told Asharq Al-Awsat.

Amr Hamzawy, an Egyptian political scientist and director of the Middle East program at the Carnegie Endowment for International Peace, described the first year of Trump’s second term as difficult for bilateral relations.

He said it began with talk of displacement and a “Middle East Riviera” in Gaza, but Egyptian diplomacy succeeded in shifting the trajectory.

Trump’s peace plan, he said, ultimately signaled rejection of displacement and spoke of security and political tracks for Gaza and a broader political process for the Palestinian issue, though details remain unclear.

Hamzawy added that the year opened from a tough starting point that followed what he called President Joe Biden’s hesitant stance on Gaza, when displacement was first discussed.

After nearly a year of Egyptian political and diplomatic effort, he said, displacement dropped from Washington’s agenda, even if it remains a risk that cannot be ignored.

Historically, Egypt has been a pivotal state for US national security, given its geography, demographic weight and diplomatic role, according to a recent report by the Congressional Research Service.

Gaza, the main test

The Gaza war shaped Egyptian-US relations during Trump’s first year back in office. Washington backed Egyptian-Qatari mediation to halt the war. US Secretary of State Marco Rubio thanked Cairo after a truce was reached between Israel and Hamas in January.

When hostilities resumed, however, Egypt faced complex diplomatic choices with both Washington and Israel. It rejected Trump’s call to resettle Gaza’s population, while its reconstruction plan failed to gain US or Israeli acceptance.

Cairo also drew criticism from Trump for declining to join US strikes against Yemen’s Houthis, the Congressional Research Service (CRS) revealed.

Butter noted that ties with the Trump administration were strained over Gaza after Sisi canceled a Washington visit early in the year, following Trump’s “Middle East Riviera” remarks, which left contacts at a minimum.

He said Trump’s Sharm el-Sheikh visit, the signing of the Gaza agreement and the celebration of his plan’s success offered a chance to reset relations. Egypt, he added, has become indispensable to Trump’s administration in Gaza.

Hamzawy said Gaza dominated the first year of Trump’s term, giving Egypt a chance to restore its standing with US and European decision-makers as a key mediator. Cairo put its vision on the table, he said, shifting US thinking toward parallel security and political tracks and from talk of disarmament to limiting weapons.

Throughout the year, Egypt publicly counted on Trump to end the Gaza war. In July, Sisi urged him in a televised address to press for a halt, saying Trump was capable of doing so.

Analysts Daniel Byman and Jon Alterman wrote in Foreign Policy that Egypt is indispensable to international responses to the Gaza war, even if it remains a difficult partner for Washington and Israel. The conflict, they said, restored diplomatic focus on Egypt and strengthened its leverage.

Sara Kira, director of the European North African Center for Research, said relations in Trump’s second term differ from his first. The earlier term saw broad alignment and personal warmth from Trump, particularly on counterterrorism, she said. The second term has been marked by divergence.

That surfaced in April when Trump called for free passage for US commercial and military vessels through the Suez Canal in exchange for US efforts to protect the waterway.

Positive signals despite differences

Despite disagreements over Gaza, there were positive signs elsewhere. Early in the year, the US State Department froze new funding for most aid programs worldwide, exempting humanitarian food programs and military aid to Israel and Egypt.

Washington did not include Egypt on a travel ban list issued in June. Trump said Egypt was a country with which the United States dealt closely and that things there were under control. Egypt was also spared higher US tariffs. Cairo has repeatedly stressed the depth and resilience of the strategic relationship.

Kira said Egypt exerted maximum pressure to achieve peace and stop the Gaza war, eventually convincing Washington of its approach and reaching a peace agreement in Sharm el-Sheikh. She said Egypt acted pragmatically and astutely, reading Trump’s personality and US interests.

As talks on the second phase of the Gaza agreement stall, Egypt continues to rely on the Trump administration to advance its plan. Cairo remains in contact with Washington and is working with it to prepare a donor conference for Gaza’s reconstruction, which has yet to receive sufficient momentum from the Trump administration.

The dialogue extends beyond Gaza to Libya, Sudan, Lebanon and Iran, as well as water security, led by Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), which Egypt fears could affect its Nile water share.

GERD

In mid-June, Trump stirred controversy in Egypt when he wrote on Truth Social that the United States had “stupidly” funded the dam Ethiopia built on the Blue Nile, triggering a severe diplomatic crisis with Egypt.

In August, the White House released a list of Trump’s foreign policy achievements, which included a purported agreement between Egypt and Ethiopia over the dam.

Trump has repeatedly spoken of his administration’s efforts to resolve the dispute, but those claims have yet to translate into concrete action.

Hamzawy said there is an opportunity for Washington to mediate and revive an agreement reached near the end of Trump’s first term.

Charles Dunne of the Arab Center Washington DC wrote recently that Trump’s stance may please Cairo but could also produce adverse outcomes if Washington does not assume a mediation role.

The United States hosted talks with the World Bank in 2020 during Trump’s first term, but they failed after Ethiopia refused to sign the draft agreement.

Military ties endure

Military cooperation continued largely as usual. Since 1946, the United States has provided Egypt with about $90 billion in aid, with a sharp increase after 1979, which successive administrations have framed as an investment in regional stability, according to the CRS.

For more than a decade, Congress has imposed human rights conditions on part of Egypt’s aid.

Between fiscal years 2020 and 2023, the Biden administration and Congress withheld approximately $750 million in military funding. Trump’s technical annex to the proposed fiscal 2026 budget seeks $1.3 billion in military assistance for Egypt without conditions, the CRS said.

Hamzawy said the administration is far from imposing conditionality, noting that relations rest on mutual interests between a major power and a positively influential middle power.

Since the Gaza war, the Biden and Trump administrations have accelerated US arms sales to Egypt. The State Department notified Congress of military sales totaling $7.3 billion. In July, the Pentagon announced that the State Department had approved the sale of an advanced air defense missile system to Egypt, valued at approximately $4.67 billion. Egypt also hosted the Bright Star military exercises in September.

Kira said ties with Washington are driven by interests and that Cairo has positioned itself as a core regional player.

Hamzawy said Egypt occupies a central place in US Middle East thinking, as Washington needs a spectrum of allies, with Egypt at the heart of that network.


Why Metal Prices are Soaring to Record Highs

A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
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Why Metal Prices are Soaring to Record Highs

A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP

Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.

Below AFP examines the reasons for the surge in demand.

- Safe havens -

Gold and silver are traditionally seen as safe-haven assets, and demand has soared amid mounting geopolitical tensions, from US President Donald Trump's tariffs onslaught to wars in Ukraine and Gaza, as well as recent pressure by Washington on Caracas.

Investors are also uneasy about rising public debt in major economies and the risk of a bubble in the artificial intelligence sector.

These uncertainties are driving up gold and silver, with other metals now starting to see the impact as investors seek to diversify their portfolios, explained John Plassard, an analyst at Cite Gestion Private Bank.

"Metal is once again becoming insurance rather than just a speculative asset," he told AFP.

- A weak dollar -

Traditional safe havens like the dollar and US Treasuries have become less attractive this year.

Uncertainty around Trump's presidency and the prospect of further Federal Reserve interest rate cuts, have weakened the dollar, reducing its appeal to investors.

As a result, many investors are turning to gold and silver.

Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday, while silver reached a record high of $72 an ounce, with prices up about 2.5 times since January.

A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.

- Fresh demand -

Industrial demand has surged in recent months, driven by the rise of artificial intelligence and the energy transition.

Copper, used for solar panels, wind turbines, electric vehicle batteries and data centers, has seen strong gains as a result.

Prices hit a record on Wednesday, topping $12,000 a ton, helped further by China, the world's largest copper consumer, announcing new measures to boost demand.

Aluminium, a cheaper alternative to copper, and silver are also benefiting from the AI boom and the shift to renewable energy.

Platinum and palladium, used in car catalytic converters, have also risen, reaching a record high and a three-year high respectively, after the European Union decided to allow sales of new internal combustion vehicles beyond 2035.

- Tight supply -

Copper prices have been lifted this year by fears of US tariffs, prompting companies to stockpile ahead of their introduction, with duties imposed on semi-finished products and potentially extending to refined copper.

Supply risks from disruptions at mines in the Democratic Republic of Congo, Chile and Indonesia have added to the price surge.

Physical markets for silver, platinum, and aluminium are also tight.

According to Ole Hansen, an analyst at Saxo Bank, thin holiday trading, which increases volatility, and investor fear of missing out have further amplified the rise at the end of the year.