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Isa Saaga Platform: Gold Recovers and Sells at Market
The article explains that the price of gold has begun to recover and regain its upward trend after a period of significant declines. Globally, it has increased by about $600 over the past three weeks, with strong daily gains also recorded in the local market. For example, the price of 21-karat gold reached 6,625 pounds, a daily increase of 125 pounds per gram. Experts attribute the previous decline to the peak of the Iranian-American war and its impact on the oil market, along with a dip in bond yields. However, the market has seen a return to upward levels as it absorbed the events, and it is expected that gold will continue to rise, reaching $5,000 to $5,600 per ounce. Meanwhile, the local market is witnessing intense selling activity by citizens after prices rose, out of fear of a potential price drop again. Experts believe that long-term investment in gold is preferable, considering it a savings tool rather than just for speculation.
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