After that the record price of gold in Egypt historically unprecedented levels at 782 pounds per gram, raised several questions about the future of gold prices in the second half of 2020, as well as on the future demand for the precious metal globally and locally during the next period.
Scored the price of gold in Egypt a new historical high on Saturday, June 20, following the rise of gold worth two pounds in the dealings, to keep the price of gold caliber 21 is the most popular and straightforward in Egypt 782 pounds per gram, gold prices rose globally, which have exacerbated the increase in the number of cases of infection with MERS-CoV fears of a second wave of the pandemic has forced governments to impose removal procedures in New.
Increased gold in online transactions 1.1 percent to 1740.79 dollars an ounce (an ounce) by 1803 GMT, while the settlement of the U.S. futures for gold up 1.3 percent to 1753 per ounce.
Said Ihab Wasef, vice president of the division of gold Chamber of his business, if you put gold sales affected negatively since the first of the current year not yet as Corona only, but in the current situation increased from weak sales due to the low number of working hours in shops selling gold, and buying in Egypt which is divided into several sections, including the procurement of the network, purchase investment, purchase gifts and finally tourism, noting that he can’t stop the future prices during the next period, but indicators confirm probability of the continuation of the rise of the male with blurred visions about finding a cure for MERS-CoV
He stressed in remarks to”the seventh day: that the purchase is currently available, whether for marriage or for gifts to the lack of suitable and visits, either purchase the tourism sector semi and that was representing 5 % of the demand on the domestic market, thus all these factors led to lower sales .
As for the part your company’s Investment Forum, said descriptor, the awareness of the economic citizen’s bank in the purchase, investment gold is not enough to know the dates of the sale and purchase of gold, or to know what kind of gold you need to buy it, so they affect the supply and demand factors in the market free there is a decrease in the volume of production in the Gold sources, workshops, drop in sales traffic.
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