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Economist predicts limited gold gains
Dr. Walid Farouk, Director of the Gold Observatory for Economic Studies, stated that gold prices are expected to remain stable throughout the current year, with limited fluctuations not exceeding 5%. He affirmed that a sharp rise or collapse is unlikely. He explained that the gold price in 2022 was around 800 Egyptian pounds, and today it has surpassed 5,800 pounds, reflecting a growth rate of 625%. He pointed out that gold is considered a long-term investment and is subject to market volatility based on geopolitical and economic events. He also considered the current timing suitable for gradual purchasing.
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