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Middle East peace boosts gold to potential $4400
The Gold and Precious Metals Division at the Federation of Industries confirmed that global gold markets are experiencing a critical week influenced by political developments in the Middle East, especially the nearing of a comprehensive peace agreement, along with anticipation of the U.S. Federal Reserve's decision. The announcements of a halt to the attack on Iran and progress toward peace have led to gold prices rising by more than $200 per ounce, potentially pushing the price to $4,400 per ounce if investment demand and investor optimism persist. The Egyptian market is directly affected by these developments, with expectations of a continued upward trend in gold prices locally.
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