Gold Market
Jurien Timmer, Fidelity's director of global macro, has turned bearish on bitcoin, predicting a year-long downturn in 2026 after the cryptocurrency's recent peak. He points to historical four-year cycles aligning closely with bitcoin's October high near $125,000. In contrast, Timmer highlights gold's robust bull market performance throughout 2025.
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Egypt's gold market experienced sharp fluctuations last week, posting a 2.3% weekly gain despite a notable drop on Friday. According to a report from the Federation of Egyptian Industries, 21-karat gold closed at EGP 5,465 per gram. This positive performance mirrors global trends amid stable local US dollar exchange rates.