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Saif Imbabi: Gold unlikely below $4K by 2026
Gold market expert Saeed Imbabi stated that the global ounce price remains steady at around $4,000 and continues to rise toward $4,100 and $4,150, amid anticipation of the U.S. Federal Reserve's decision on interest rates, which is expected to hold steady. He explained that the limited increase in gold prices is due to rising oil prices and countries' efforts to meet their needs. He added that the price of an ounce will not fall below $4,000 globally. Regarding the local market, he pointed out that a decline in the dollar against the Egyptian pound could push the local gold price to 5,500 pounds, and he predicts that the price of an ounce will exceed $5,000 by the end of 2026.
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