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A number of economists have said that the outlook for gold prices over the next two months is inaccurate, all the more so as there are "limits to prices "determined by the policy of supply and demand. The head of the gold division of the General Federation of Chambers of Commerce Wasfi Amin Wbadef said that "the drop in gold prices in the evening transactions at one or two pounds compared to the morning transactions did not occur. is not a decline but a fluctuation of prices.
"The price of gold in a public He explained that" this phenomenon is normal "and stressed that the expectations of the World Gold Council to raise prices on a global scale in September 2018 are unrealistic and inaccurate.
"Turkey, for example, abandoned some of the gold reserves," said the head of the Gold division: "The rise and fall of jewelry prices in gold according to the law of supply and demand. "India, as well as consumption of about a quarter of the world's production of non-gold And explained that the world's supply of goods and services. gold is larger than necessary, which reduces the world price of gold, which has led to the reversal of this decline in the Egyptian market. "
" We can not hope to increase or decrease the world price The exchange rate of the dollar against the Egyptian currency is one of the determinants of the rise or fall in the price of gold. r the Egyptian domestic market. "
" The price of the US currency stable from five months, which led to the business of "The decision of the Monetary Policy Committee of the Central Bank of 39, Egypt has nothing to do with prices. "
"Gold remains a haven for investment in price stability and covers the cost of gold mining. The World Gold Council predicted in a report that the prices of gold gold will increase in September 2018 as consumers prepare for the traditional yellow metals buying season and investors rebalance their portfolios before the end of this year
The World Gold Council announced that He was expecting gold demand to increase during the second half of 2018, with economic inflation increasing due to planned trade wars between China and the United States
Gold prices experienced a slight decline on Monday night, and the 21-gauge of the most prevalent recorded about 617 pounds per gram with a drop in pounds, and the 24 caliber recorded 705.15 pounds, while the record value of 528.85 li The world price of gold is about 1225 dollars an ounce. "
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