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المصري اليوم
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Gold and dollar savers may benefit from future rate cuts
A financial market expert expects a significant interest rate cut in the United States, which will lead to a resurgence in gold prices and new record highs. He pointed out that the rising dollar, driven by increased yields on U.S. bonds, is exerting negative pressure on gold prices. However, a decline in inflation and the impact of changes in the bond market may help gold prices resume their upward trajectory soon. Since the beginning of June, the price of gold in Egypt has decreased by 16%, but it is anticipated to reverse its course and start rising again soon, amid a global decline in the dollar.
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