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Gold price expectations during the coming period ... How are things going in the market


Mamdouh Abdullah, a member of the Gold Division, revealed that the expectations of the precious metal prices during the coming period are linked to the movement of the dollar as well as the yields of American bonds, which are undergoing constant changes as well as related to the stimulus plan of the US economy and employment rates, so the market has witnessed many changes in the past days.

 

He added in private statements that the price of gold is subject to a limited movement to rise during this week's trading, with a limited decline in the dollar, to its lowest level in two weeks, but any changes to the dollar's decline will cause changes in gold.

 

He pointed out that the market is registering levels approaching $ 1740, and if prices are recorded at $ 1750 per ounce, the trend will be a rise in the price of gold in the coming days, while if prices return to fall below $ 1730, we will remain at levels between $ 1720 to $ 1730.

 

He explained that the price of gold in Egypt records levels ranging from 755 to 760 pounds per gram, and it moves in this average.

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