CEO of Dahab Masr, Dr : Fady Kamel to Bloomberg: The gold markets will witness more price breaches to new levels. " The state of instability in the world may push gold to exceed $2,300 per ounce"
For the first time in the Middle East and Africa, "Yalla Super App" launches "Yalla Invest" service for investing in gold.
Fady Kamel, CEO of Dahab Masr, “We are happy with our strategic partnership with PaySky to encourage investment in gold in Egypt and the Middle East.”
Walid Sadik, Founder & CEO of PaySky & Yalla Super App, stated that our partnership with "Dahab Misr" aims to expand the scope of financial services for users of Yalla Super App, and we expect a significant return on the economy and society.
Cairo, December 15, 2022
Dahab Masr is a gateway for investing in gold and silver bullion and has announced a strategic partnership with Forsa to provide easy financing solutions for gold investors.
Gold and silver futures prices are trading weaker in early U.S. action Friday, on routine downside corrections after recent good gains that pushed prices to two-month highs this week. The bulls remain in firm near-term technical control. February gold futures were last down $4.70 at $1,837.90 and March Comex silver was last down $0.226 at $24.485 an ounce.
The gold market surprised with a breakout above $1,830 an ounce this week. And analysts say next week will be pivotal in whether gold breaks out or gets stuck in the sideways price action again.
In an unexpected move, the precious metal surged to two-month highs this week, with investors flocking to safe havens as volatility rocked the equity markets ahead of the Federal Reserve meeting next week.
- Gold and silver prices are trading near unchanged levels on the day in early U.S. action Thursday. The precious metals are seeing a routine pause after the strong gains posted Wednesday that have put the bulls in firm near-term technical control. February gold futures were last down $0.40 at $1,843.10 and March Comex silver was last up $0.029 at $24.26 an ounce.