Information Center by DahabMasr

Gold prices surged to $2,135 per ounce on December 4, 2023, before settling around $2,060, driven by a weakening U.S. dollar and expectations of lower interest rates from the Federal Reserve in 2024.

Dahab Masr, a leading precious metal investment company, has partnered with Kash Now, a financial technology solutions provider, to make gold investing easier and more accessible for Egyptians. This partnership will allow customers to invest and purchase gold through the Kash Now app, with the option of home delivery. Dahab Masr is committed to providing a secure and straightforward approach to gold investing, and this partnership is a significant step towards achieving that goal.

Demand for gold in Egypt remained strong in the third quarter of 2023, despite a slight decline in demand for gold jewelry. Overall demand for gold increased by 23% compared to the same period last year, and Egypt ranked third among the largest gold buyers in the Middle East.

Gold reacts to the current geopolitical situation by jumping over the 2200 EGP per 21K gram limt. And keeps moving forward

CEO of Dahab Masr, Dr. Fady Kamel on his interview with Extra News: Will inflation data and the movement of interest rates affect gold prices globally?

As the second half of 2023 unfolds, gold's fate hangs in the balance. With a surprising 6.49% surge in the first half, reaching $2048.45/oz, will it weather changing economic tides and central bank strategies in the latter part of the year?