2 Days
Source:
المصري اليوم
_1777352142843_145525226.png&w=64&q=75){kind=small}
Gold price outlook from the Chamber
Reports indicate that gold prices in the local market are currently stable, with 21-karat gold at approximately 6,250 Egyptian pounds, influenced by the rise in the dollar exchange rate at banks from 51 to 52 pounds. The increase in local gold prices is attributed to a decline in global prices, despite pressures from rising U.S. bond yields and increasing inflation in the United States. These factors reinforce the likelihood that the Federal Reserve will maintain its tight monetary policies and keep interest rates high. The sector expects gold prices to fluctuate between rising—if geopolitical risks and regional conflicts escalate—or falling, if high inflation persists and the Federal Reserve moves toward further monetary tightening, all while the dollar remains strong.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)