The safe haven for savings…and its price will decline again soon – Darb

2023-12-22 14:10:30

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Omar Al-Maghribi, a member of the Gold Division at the Federation of Chambers of Commerce, said that gold has been a safe haven for savings and investment throughout history, even if there is a decline in its prices that exceeds it and returns to the same rate, or even exceeds it.

Al-Maghrabi added, during a telephone interview on Ten satellite channel, that in light of the current economic events and the fluctuations that the global economy is witnessing with the US Federal Reserve’s fixation of interest rates, all of these are indicators that suggest a rise in global gold prices during the coming period.

A member of the Gold Division of the Federation of Chambers of Commerce expected that gold prices would return to decline in the local market during the next few period, reaching normal rates, and it might rise once more following that.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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