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Source: بوابة الشروق
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Said Imbabi, the Executive Director of "I Saha" platform, stated that gold remains a safe haven despite its recent price decline. He clarified that six months of price stability does not constitute a collapse. He indicated that the price of an ounce will not fall below $4,000 due to the US Federal Reserve's maintenance of interest rates, and that an exchange rate of 47 pounds to the dollar would lead to the price of a 21-karat gold gram reaching 5,500 pounds. He anticipated that gold prices could surpass $5,000 per ounce by the end of the year, with the possibility of reaching 7,000 pounds per gram, and he believed that gold would resume its upward trend as global conditions stabilize.
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