What are the factors that affect gold prices?
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| Gold Price |
We all know that gold prices are determined according to many factors, and then we will mention the most important factors that have a direct impact on the decrease or rise of the price of gold in the market, and they are as follows:
- The price of gold on the global markets and exchanges is determined according to supply and demand and global economic conditions. The global price of gold rises in times of economic and political crises, as the public and private resort to it as a safe haven that maintains value.
- The price of the dollar against the Egyptian pound, so the price of gold rises with the price of the dollar against the pound and decreases at its decline, due to the fact that the global price of gold is valued in the US dollar.
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