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Engineer Hani Milad, Head of the Gold Section at the Federation of Chambers of Commerce, said that economic and political conditions have impacted the price of gold both globally and locally. The international price reached a historic high of $5,600 in January, then declined by about 7% since the beginning of the year. He explained that the price of the gold pound has dropped to 45,600 pounds, and he prefers buying gold for long-term investment, with an expectation that its price will rise again in the future.
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