Why are gold prices soaring in Egypt? ...Egypt

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Why are gold prices soaring in Egypt?
source : EGYPT INDEPENDENT ( Egypt ) () 52
Unprecedented rises in gold prices have hit Egypt, and by the end of Monday’s trading gold prices rose by more than LE 180 pounds per gram while falling at the end of Friday’s trading to LE 1,700 per gram.   High inflation Economic researcher Mohamed Abdel-Rahim explained that gold remains an important tool to hedge against the high inflation rates that many countries are witnessing as a direct result of the Russian-Ukrainian war, and locally, inflation is high. He stated that gold is a long-term deposit of value and has wide acceptance among individuals in any place and time, especially in times of crisis.   Keeping valuable savings Abdel-Rahim continued that the main reason for the increas

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