🟡 Gold (Between Rebound and Calm):
Globally: Gold started to rebound strongly today, rising by 5.4% to reach levels of 4913 - 4950 dollars per ounce after touching a low of 4700 dollars.
Locally (Egypt): Prices are still struggling; the price of 21 karat gold recorded around 6680 - 6690 pounds for sale, with a slight decrease of about 20 pounds since morning due to profit-taking.
Tip: "Gold proves to be the safe haven during crises; this global rebound is a strong signal to watch."
💎 Crypto (Bitcoin under the microscope):
Bitcoin ($BTC): After the violent shock, Bitcoin is trying to stabilize around levels of $77,000 to $78,000. The market is currently in a "cautious wait" for the U.S. employment data that will be released today.
Technical view: "Staying above 75,000 is crucial right now to prevent any further decline."
💵 The dollar and the stock market:
The dollar: Stable in Egyptian banks at an average of 47.06 EGP for selling and 46.96 EGP for buying.
The stock market: There is a cautious optimism with investors awaiting global inflation data.
💡 Merchant Wisdom:
"In this market, the smart one is not the one who chases the price when it's rising; the smart one is the one who knows how to seize the opportunity when everyone is scared (#FUD). Use your tools (#TOOL) wisely!"
