Will gold prices continue to drop or regain strength after Eid al-Adha?

An unknown rise in gold prices came before the last Eid al-Fitr holiday, until Prime Minister Mostafa Madbouly met with senior merchants and the Gold Division, and put forward several proposals that led to a gradual decline the price of gold.

A member of the board of directors of Gold Division at the Federation of Egyptian Chambers of Commerce (FEDCOC) Amr Maghraby said that the situation this year is now different.

He explained that there has been great stability and a clear decline in gold prices in recent weeks after a historical period of rise in the precious metal, thus indicating that government decisions made an impact.