Gold Price Decline Offers Buying Opportunity, Naguib Says

Nady Naguib, a member of the Chamber of Commerce’s gold division, described the decline in gold prices as an ideal buying opportunity, saying he expects prices to resume rising gradually.

Naguib said gold is a strategic commodity traded globally, with its value closely tied to international economic and political developments.

He stressed that gold should not be viewed simply as a local commodity whose price is determined by domestic conditions alone.

His assessment places the current decline in a broader global context. While he forecast a gradual recovery in prices, he did not specify a timeline or a price target.