{"id":597671,"date":"2023-08-13T00:00:00","date_gmt":"2023-08-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/gold-prices-soared-over-the-past-week\/"},"modified":"2023-08-13T00:00:00","modified_gmt":"2023-08-13T00:00:00","slug":"gold-prices-soared-over-the-past-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/gold-prices-soared-over-the-past-week\/","title":{"rendered":"Gold prices soared over the past week"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> It was a quiet night for the talking heads last night. <\/strong> With Lamees El Hadidi and Sherif Amer still on their summer breaks, and Amr Adib taking the night off, Al Hayah Al Youm\u2019s Lobna Assal and Ala Mas\u2019ouleety\u2019s Ahmed Moussa provided the bulk of the coverage, covering a variety of topics including gold and food prices, the latest offering of industrial lands, and privatization. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> GOLD PRICES- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Gold prices rise 12%: <\/strong> The price of 21-carat gold has surged 12% in recent days on renewed demand for gold coins and alloys, Supply Ministry Advisor Nagy Farag told Al Hayah Al Youm\u2019s Lobna Assal (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=zCymsHVrZnQ\" style=\"\" rel=\"noopener\">watch, runtime: 3:44<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Bullion prices surged last week: <\/strong>The price of 24-carat gold rose almost 8% to <a target=\"_blank\" href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2955234\" style=\"\" rel=\"noopener\">EGP 2.65k<\/a> in the week to Saturday while 21-carat gold increased 7% to EGP 2.32k during the week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Remember: <\/strong> Gold prices soared to record highs earlier this year as savers responded to the FX crunch and rising inflation by investing money in safe haven assets. Prices have dipped in recent months following efforts by the government to stabilize the market, which included <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce965eee-999a-4a74-9d01-6dade5bbbe87\" style=\"\" rel=\"noopener\">relaxing customs rules<\/a> in a bid to increase supply.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> HOLY SMOKES- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Cigarette price volatility will continue through to next month: <\/strong>Cigarette prices aren\u2019t expected to decline back to their normal prices for another 3-4 weeks, Eastern Company Managing Director and CEO Hany Aman told Akher El Nahar on Friday (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=9qW7T6ITozI\" style=\"\" rel=\"noopener\">watch, runtime: 1:13:26<\/a>), amid shortages of some types of cigarettes and recent price hikes. Aman announced last week that his company will be increasing the daily quantity of cigarettes it delivers to the market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bededb61-5a69-425d-a25e-a9e629b1238d\" style=\"\" rel=\"noopener\">starting this week<\/a>. The Federation of Egyptian Industries\u2019 (FEI) cigarettes division head Ibrahim Embaby suggested to the Supply Minister to consider re-offering confiscated cigarettes in Wataniya gas stations at the official prices, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3OUVkeG\" style=\"\" rel=\"noopener\">Masrawy<\/a> reports, citing a federation statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ALSO ON THE AIRWAVES- <\/strong><\/p>\n<ul>\n<li><strong> Privatization: <\/strong>GAFI boss Hossam Heiba was on with Akher El Nahar\u2019s Mohamed El Baz to assure viewers about the impact of the government\u2019s privatization strategy (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=_qkXN9RlzFM\" style=\"\" rel=\"noopener\">watch, runtime: 10:40<\/a>).<\/li>\n<li><strong> Industrial land auction: <\/strong> Industrial Development Authority (IDA) Mohamed Abdel Karim appeared on Ala Mas\u2019ouleety to discuss the upcoming auction of industrial land that will launch this week. We have more on this in this morning\u2019s What We\u2019re Tracking Today, above (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=t59Ht9VvzVc\" style=\"\" rel=\"noopener\">watch, runtime: 19:34<\/a>).<\/li>\n<li><strong> Covid: <\/strong> The new sub-variant of the covid-19 virus, dubbed EG.5 \/ Eris, has not yet been detected in Egypt, Health Ministry spokesman Hossam Abdel Ghaffar told El Baz (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=eGwFYBLPqgc\" style=\"\" rel=\"noopener\">watch, ru<\/a> <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=eGwFYBLPqgc\" style=\"\" rel=\"noopener\">ntime: 1:23:00<\/a>).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The price of 24-carat gold has risen almost 8% in the past week alone<\/p>\n","protected":false},"author":1,"featured_media":597672,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[317,104,72,7093,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-commodities","tag-economy","tag-enterpriseam","tag-gold","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"c636a05a-67d4-4a5a-a6c5-64d2a520e8d4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/574.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gold and cigarette prices get airtime on Egypt\u2019s talk shows","related_issue":[597653],"teaser":"The price of 24-carat gold has risen almost 8% in the past week alone","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.9c2022cd-f56f-471f-8535-692e19baec3c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Al Hayah Al Youm\u2019s Lobna Assal rang up strategic expert\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577735,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/04\/sisi-abdullah-talks-the-return-of-bmw-record-gold-prices-get-airtime-on-the-talk-shows\/","url_meta":{"origin":597671,"position":1},"title":"Sisi-Abdullah talks, the return of BMW + record gold prices get airtime on the talk shows","author":"enterpriseam admin","date":"4 December 2022","format":false,"excerpt":"It was rather a mixed bag on talks shows yesterday, with the talking heads focusing on yesterday\u2019s meeting between President El Sisi and Jordan\u2019s King Abdullah, the return of BMWs to Egypt, and record gold prices. Talks between President Sisi and Jordan\u2019s King Abdullah got coverage by Ala Mas\u2019ouleety (watch,\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/38.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544905,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/food-prices-covid-get-airtime-on-the-talk-shows\/","url_meta":{"origin":597671,"position":2},"title":"Food prices + covid get airtime on the talk shows","author":"enterpriseam admin","date":"27 March 2022","format":false,"excerpt":"Food prices were once again a topic of conversation on the airwaves last night: Abdel Moneim Khalil, head of internal trade at the Supply Ministry, phoned-in to Al Hayah Al Youm, telling show host Lobna Assal that last week\u2019s price controls on unsubsidized bread have now been implemented and the\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596161,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/govt-almost-ready-to-push-ahead-with-privatization-program\/","url_meta":{"origin":597671,"position":3},"title":"Gov\u2019t almost ready to push ahead with privatization program","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"Gov\u2019t almost ready to push ahead with privatization program: Public Enterprises Minister Hisham Tawfik told El Hekaya\u2019s Amr Adib that the committee in charge of the state\u2019s privatization program has completed 96% of the preparations for state companies due to either sell shares or offer shares in an initial public\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593510,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sis-accuses-amnesty-international-of-acting-politically-govt-to-announce-fuel-prices-for-3q2019\/","url_meta":{"origin":597671,"position":4},"title":"SIS accuses Amnesty International of acting politically, gov\u2019t to announce fuel prices for 3Q2019","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"It was a mixed bag on the airwaves last night. The State Information Service (SIS) struck back against Amnesty International accusations that the state restricted people\u2019s right to freedom of movement on Friday, Al Hayah Al Youm\u2019s Khaled Abu Bakr highlighted (watch, runtime: 10:52). The SIS accused the human rights\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590737,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/last-nights-talk-shows-rolling-blackouts-continue-to-dominate-conversation-on-the-airwaves\/","url_meta":{"origin":597671,"position":5},"title":"Last Night\u2019s Talk Shows: Rolling blackouts continue to dominate conversation on the airwaves","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"Officials will hold a press conference soon to address the issue","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/944.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597671"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597671\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597672"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597671"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597671"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}