Thank you for your reading. Read the news: After its price fell… Advice for women when buying gold to save
Basrawi News Encyclopedia – Written by Nisreen Hadi: Relationships and Society
Gold prices continue to decline due to an increase in the supply of gold in the markets, and a decrease in demand after the recent decisions of the Central Bank, to raise interest rates by 3%, as the price of a gram of 21 karat gold decreased from 1750 pounds per gram to 1650 pounds, amid expectations from gold market followers of more. down in the coming hours.
The point of declining gold prices goes in parallel with the desire of women to buy, save and even invest in gold, as many of them decide to put their entire savings in order to acquire gold and benefit from it as soon as its price rises.
A banking expert warns: buying is unsecured speculation
In this regard, Dr. Ayman Ghoneim, a professor at the College of Business Administration at the American University and a banking and legal expert, renewed his warning against speculation that is not subject to scientific rules in its expectations, but rather relies on rumors or unjustified increases, as it is followed by large price drops, which are affected by small savers who They lose their savings.
Dr. Ayman Ghoneim confirmed that gold prices in Egypt have already witnessed a significant decline, as a result of a decline in the demand for gold in transactions during the past periods, which led to a decrease in prices for all bullets circulating in the goldsmiths market in Egypt.
relying on rumours
Ghoneim added that this global data issued on gold prices reflects the difference in factors affecting the price of gold between the local market and the global market, and indicates the harm of short-term speculation, “that is, investing by saving gold,” as it relies on rumors and unjustified demand, pointing to The right investment depends on studying the intrinsic value of assets, distributing risks, and planning an investment horizon in the short, medium and long term.
Ghoneim advised small investors, led by women, to take advantage of investment opportunities in small and micro projects, pointing out that there are savings vessels offered by the banking sector for those who cannot operate their money.
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