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Source:
مصراوي
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Gold Price Drop Causes
Hany Milad, head of the Gold Division at the Federation of Chambers of Commerce, said that an ounce of gold fell by more than $100 in a single session to $3,900, while the price of a 21-karat gram in Egypt dropped by more than 100 Egyptian pounds. He attributed the decline to the inverse relationship between gold prices and the strength of the dollar and global interest rates, as well as uncertainty and volatility linked to geopolitical conditions. He expects prices to move sideways in the near term before rising again in early 2027, alongside stable interest rates and lower oil prices.
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