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All you need to know about the future of the gold price movement in Egypt and the world


With the clear fluctuation in the price of gold between high and low, we present the most important questions and answers about the performance of gold in the global stock markets as well as the Egyptian market, and the future of price movement in Egypt and the world.


Are gold prices rising in Egypt?

 

The scenario of gold registering levels of 800 pounds per gram of 21 carat, which is the best-selling in Egypt, is still strongly put forward in light of the continuing record international price per ounce levels close to its highest point this month.


Why do expectations indicate a rise in the price of gold, locally and internationally?

 

Gold continues to achieve price hikes in the Egyptian market is possible in light of a clear increase in the global price index despite the partial drop today. However, an ounce of gold in the world may rise to levels approaching $ 1790 an ounce with the possibility of a decline in the dollar again.


What supports the idea of ​​high gold?

 

International prices of precious metals receive significant support from the decline of the dollar against a basket of major currencies, which reduces the costs of possessing gold, and this caused a significant increase in the prices of the precious metal over the past week by more than 2.3%.


Will gold receive more support this week?

 

The current stage may witness more support for gold in light of the continued decline in the yield of US bonds to low levels, and this increases the demand for other precious metals during the current week.


What are the expectations of gold prices in the Egyptian market?

 

The global trend of the yellow metal pushes the price in Egypt to continue recording new highs that may eventually reach us at the level of 790 pounds per gram of 21 caliber, which is the best-selling in Egypt.

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