Gold price egypt forecast in the latest market snapshot

In the latest market snapshot, Egypt’s gold prices remain bullish, with 21K stabilizing around EGP 2,750/g. The gold price Egypt forecast points to steady gains as international bullion approaches its $2,070/oz resistance. Traders watch the USD/EGP rate closely, as further local currency depreciation could fuel short-term rallies. Gold prices reached an all-time high of $2,531.70 per ounce on August 27, driven by strong demand and favorable market conditions. J.P. Morgan Research forecasts that gold will maintain a stable price of $2,500 per ounce by the end of 2024 and rise to $2,600 per ounce in the first half of 2025. Harmony Gold is exceptionally well-positioned to capitalize on the upward trend in gold prices. This leverage, combined with stronger-than-expected production growth from its core underground assets, sets Harmony Gold apart from its competitors. Offers may be subject to change without notice. For more information, please read our full disclaimer . Egyptian gold dealers report increased pre-order activity from wholesalers. The gold price Egypt forecast suggests 24K may hover above EGP 3,100/g for most of April unless global spot gold sharply retraces.