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Gold traders in Egypt said that the prices of the yellow metal fell within the country by 12 pounds on Saturday, affected by the global price movement, which is now witnessing a wave of profit-taking.

According to traders, gold is living its brightest times after surpassing the barrier of $ 2000 an ounce for the first time in its history, in light of the economic challenges caused by the Corona virus, and the dollar’s decline.

Traders believe that the decline in prices is nothing but a maneuver before gold in Egypt in the coming days exceeds the one thousand pounds per gram of the most popular 21 carat, in light of expectations that the global price of an ounce of gold will reach $ 2,500.