10:06 PM Friday, January 05, 2024
Books – Hassan Morsi:
Economic expert Hossam Eid, a financial market analyst, said that gold is a safe haven for money invested, whether by individual investors or financial institutions, but money invested in gold is constantly rising, in light of political tensions because it is the best way to hedge against the decline of the Egyptian pound and high inflation rates. This is the secret of gold prices rising and achieving record numbers.
The economic expert said, during his interview on the “Numbers and Markets” program on the “Azhari” channel, that there are expectations for the stability of gold prices in the coming period, and there will be corrections in the prices of the yellow metal in Egypt, and there will be a sharp decline in prices after adopting a flexible exchange rate for the Egyptian pound.
Economist Hossam Eid continued: “Gold will decline and will fall…a significant decline in gold prices after a decisive decision was taken regarding the exchange rate of the Egyptian pound.”
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