World Courant
The top of the Jewellery and Jewellery Division on the Chambers of Commerce, Hani Milad, clarified that the circulating rumors concerning the gold value freeze are incorrect.
He defined that there was instability and a rush to boost costs amongst some, which has prompted the market to cease shopping for and promoting as a result of overly excessive costs – however there was no official determination to cease costs .
On his expectations for the gold value, Milan stated: “I consider that the approaching interval will see stability in gold costs, particularly as costs are skyrocketing and there’s a tendency to regulate the market within the coming interval.”
Milad instructed Al-Masry Al-Youm that the gold market is in an total unstable state as a result of the truth that the demand for gold has elevated considerably within the latest interval, inflicting variation within the shopping for and promoting actions.
Edited translation of Al-Masry Al-Youm
The top of the Egyptian gold division pronounces the expectations for the gold value within the coming interval
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