1 Day
Source:
بوابة الشروق
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Gold Division: Current prices good buy
The head of the Gold Division at the Federation of Chambers of Commerce revealed that the current gold prices present a good buying opportunity, as prices have declined in both global and local markets due to geopolitical tensions and the Iran-U.S. conflict. These tensions have led to increased oil prices and reduced demand for gold. He explained that global prices fell below the support level of $4,000 per ounce before rebounding to around $4,100. He confirmed that this is an appropriate time for long-term gold investment, recommending not to sell within one or two years. It is expected that prices will improve with regional stability and decreasing oil prices.
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