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Gold Division Member: Prices Remain High

Gold Division Member: Prices Remain High

Amr El-Maghrabi, a member of the Gold Division at the Chamber of Commerce, confirmed that gold prices in the local market have not decreased but continue to record increases, aligning with the global stock exchange. He pointed out that gold remains a safe haven for savings, and no matter how much its price drops, it tends to rebound and surpass previous high levels, making it a good option for long-term investment. He recommended that those with surplus funds consider buying gold, explaining that gold is heavily influenced by global political events and economic repercussions, which causes its fluctuations to be faster and more impactful compared to silver.

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