Youm7 TV provided special coverage on gold prices, and Naguib Naguib, a member of the Gold Division of the Chambers of Commerce, said that gold is unstable all the time because it is a global commodity and not a local one that is affected by several international factors, and there are great speculations in global stock exchanges, indicating that the price of gold is affected by oil and the state of Peace, war, inflation and other factors that affect the price of gold.
He added regarding the relationship between the dollar and gold: “There is a close relationship between the dollar and gold, especially in the parallel price, because we import gold in dollars, and today the dollar is not available because the Central Bank’s instructions that it is forbidden to finance gold from operating banks and the Central Bank, so the financing will be from the parallel market, and when I sell The price in the parallel market is higher than the price of gold.
He continued: “The coming days, there will be a rise in gold prices once more, so whoever needs to buy gold buys the right price now, especially those who buy for the purpose of investment, because later on there will be a rise in prices once more.”
