How to make profit from declining gold prices

CAIRO, Sept 14 (SEE)- The price of gold in Egypt has recorded consecutive declines over the past weeks affected by the global market.

Global prices declined significantly due to the strength of the dollar supported by the decisions and statements of US President Donald Trump as well as the high-interest rate in the United States.

Information on how to take advantage of the significant decline in the price of gold in Egypt are listed below.

When buying gold for saving, don’t buy less than 21 Carat because the others, whether 18, 14 or 12 does not have a huge turnout.

Stay away from the purchase of full kits, and try buying pieces separately.

Take advantage of the period of decline in demand and try buying bullion and gold pounds.

Don’t sell the gold if prices fell repeatedly, and wait for another significant rise.

Gold traders in Egypt believe that investing in gold coins is the best type of saving because gold accessories can be exposed to scratches and thus fall in price.

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