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مصراوي
September declined 1.5 percent Is it time to buy
Gold market experts indicate that the current time remains suitable for purchasing gold, especially for those with available liquidity. Although the price of a gram of 21-karat gold decreased by 1.5% in September to reach 6,130 Egyptian pounds—down by 95 pounds compared to the beginning of the month—analysts believe prices are likely to rise in the future, with fluctuations ranging between 3 and 4%. It is also believed that these current declines are temporary, as they are linked to oil prices and global economic developments, which could lead to potential inflation and an increase in US interest rates. Such factors tend to strengthen the US dollar and exert downward pressure on gold prices. Therefore, it is advised not to rush into selling unless there is a need for liquidity, as prices may rise again after a decline. Currently, buying gold presents a good opportunity for those interested in diversifying their investments or saving in the yellow metal.
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