Spotlight: COVID-19 outbreak hits Egypt's gold market with recession: economic official

Source: Xinhua| 2020-05-29 21:24:23|Editor: huaxia

EGYPT-CAIRO-GOLD MARKET-COVID-19

Gold jewelry is seen in a jewelry store in Cairo, Egypt on May 22, 2020. The COVID-19 outbreak has a direct negative impact on the gold market in Egypt which has been experiencing a recession, said an Egyptian economic official. "Since the appearance of the novel coronavirus in Egypt, the gold market has been suffering a massive recession and sales have fallen by more than 80 percent," Nady Naguib, secretary of the Gold Division at the Cairo Chamber of Commerce, told Xinhua.(Xinhua/Ahmed Gomaa)

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