Gold prices to continue rising during coming period: official ...Egypt

EGYPT INDEPENDENT - Economy
Gold prices to continue rising during coming period: official
source : EGYPT INDEPENDENT ( Egypt ) () 23
The head of the General Division for Gold and Jewelry at the Federation of Egyptian Chambers of Commerce Hani Milad announced that gold prices will increase during the upcoming period as long as there is a demand for it. During a phone-in with TV host Amr Adib on his show “al-Hekaya” (The Story), on MBC Masr, on Monday, Milad added: “We are not happy with all that is happening in the gold market.” Gold merchants are dissatisfied because of the state of the market, he said, revealing that some importers export gold ornaments abroad, and receive hard currency proceeds. Milad said that most customers in Egypt buy gold bars and coins, and there is no demand for gold ornaments, something merchant

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