Coal Fear & Greed Index

Gold prices in Egypt have witnessed an unprecedented decline, with the price of 21 karat gold plummeting by 2,000 pounds, a significant drop that has impacted all gold calibers in the region.

This sharp decrease comes as the local market grapples with extreme fear, reflected in a coverage score of 4, indicating heightened concern among investors. The adjusted sentiment score has also dipped to 37, suggesting a neutral outlook amidst the prevailing volatility.

Over the past three months, the rate of change in market sentiment has shown a modest increase of 11.67%, indicating a potential for some recovery, although current conditions remain challenging for gold investors in Egypt.