Dr. Muhammad Al-Ghobari, an economic analyst, revealed the reasons for the decline in gold prices globally, saying that gold prices are rising due to global political tensions and events, pointing out that gold is currently declining because there are no incentives to make prices rise, and there are no tensions that make it rise strongly.
“Al-Dust” added, during an exclusive interview with the “Money and Business” program, broadcast on the “Extra News” channel, that there is an improvement in economic indicators, especially American economic indicators, which made gold decline as well.
He stressed that the rise in gold prices today is a temporary increase and not a constant one, pointing out that the decline in the dollar price helped to temporarily raise gold prices today, expecting an increase in gold prices due to the passage of Joe Biden’s plan, which leads to a decline in economic indicators.
Gold prices rose by 7 pounds per gram during the last hours of trading on Wednesday.
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