Eng. Nadi Naguib, Secretary General of the Gold Division at the Cairo Chamber of Commerce, answered a question, “Will the price of a gram of gold drop to 1,000 pounds?”
The Secretary-General of the Gold Division of the Cairo Chamber of Commerce confirmed that the drop in gold to 1,000 pounds is very difficult, and this is unlikely, because gold is a global and not a local commodity that could decrease in this way.
He added, in televised statements, that gold is a commodity that is affected by global events, and that the stock market was affected, whether by rise or fall.
He pointed out that the global price of gold reached $1914 an ounce, and this has an impact on gold prices in general.
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