The Head of the Gold Division at the Federation of Chambers of Commerce Hany Milad said that gold markets witness stability due to the stable performance of the Egyptian pound against the US dollar, and the supply and demand for gold.
Milad pointed out that the stability of markets is temporary, advising customers who want to purchase gold to make use of this period.
He added that gold prices are linked to various factors like the exchange rates, and gold performance in international markets, asserting that it is a good condition for buying gold.
The official concluded that gold markets attracted a lot of citizens who used to invest in the sector of housing after the great surge in property prices and rents, therefore, investors found gold a safer instrument for investment and saving
Contributed by: Rana Atef
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