2 Days
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بوابة الشروق
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Iy Saghah: Gold remains a safe haven with targets of 5,000 and 6,000
Said Embpabi, director of the "I Saghah" platform, stated that the recent decline in gold prices is temporary and does not change the overall trend. He emphasized that the yellow metal remains a safe haven and a long-term investment, with expectations that the price of an ounce could reach $5,000 or $6,000. He explained that the current drop in prices is partly due to capital outflows towards oil, stocks, and artificial intelligence. However, prices may rebound as the dollar weakens, having dropped from 54 pounds to less than 50, which has impacted the gold price in Egypt. He predicted that gold will continue to rise in the long term, warning against rushing to sell during price dips.
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