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Gold Department forecasts sharp rise in 2027
Gold prices worldwide experienced an increase of over $100 per ounce during the past week, leading to a noticeable rise in the local gold price, with 21-karat gold nearing 6,000 Egyptian pounds per gram. The head of the Gold Division at the Federation of Chambers of Commerce explained that the market is influenced by international political and economic changes, and that price fluctuations are a normal occurrence. There are expectations of a significant rise in gold prices between the end of 2026 and the beginning of 2027. Investors are advised not to wait for short-term dips to buy, as correction periods present better buying opportunities. The future of the market depends on global factors such as geopolitical conflicts, inflation rates, and oil prices. Meanwhile, the price of an ounce continues to resist the $4,000 level.
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