Research

Silver is expected to outperform gold in 2024 with global demand forecasted to reach 1.219 billion ounces, driven by strong industrial applications and green economy initiatives. Prices are predicted to rise, with spot silver potentially reaching $32 per ounce in the second half of the year.

Gold prices hit record highs as investors seek a safe haven amidst global economic uncertainty and geopolitical tensions. Analysts debate the driving factors behind the surge.

Gold glistens with promise in 2024! Prices poised to climb, with analysts charting a path to $2133 and beyond. Egyptian 21-Karat primed to settle over 3000 L.E. Dive in for the full golden forecast.

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.

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.

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?