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بوابة الشروق
Gold prices fall to $4,000 per ounce
Expectations of a decline in gold prices as the ounce approaches $4,000. The head of the Gold Division at the General Chambers Federation pointed out that the market has been influenced by strong U.S. jobs reports, which led to a deterioration in Wall Street indices and a 4.7% drop in gold prices over the past week. He confirmed that the price is likely to remain within the range of $4,000 to $4,300, with the possibility of rising again if the United States and Iran reach a peace agreement that results in lower oil prices. He also considered that every decline in price presents an opportunity to buy, as gold is a long-term investment that goes beyond short-term rebounds.
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