Egyptian Chamber of Commerce Sees Long-Term Opportunity in Current Gold Prices

The Gold and Jewelry Division at the Federation of Egyptian Chambers of Commerce believes that current gold prices offer a long-term investment opportunity. According to Hani Milad, Head of the division, prevailing levels are not exaggerated and reflect genuine market activity.

Milad stated during an interview with Extra News that higher gold prices do not necessarily discourage consumers from entering the market. The spread between buying and selling prices remains narrow, reflecting actual buying and selling activity.

Gold remains a liquid asset that can be bought and sold at different price levels, allowing profit margins to be calculated and controlled.