Tsafi

[popeyej]

Egyptian gold demand to grow strongly
Dubai: Sun, 02 Mar 2008


Egypt's gold demand is likely to continue double-digit growth over the next five years as its economy expands, a World Gold Council official said.

"The market in Egypt is doing really well," Moaz Barakat, managing director of the industry-funded World Gold Council in the Middle East, Turkey and Pakistan, said.

"The economy is improving, many tourists are buying gold, and the government is reviving the market," he told Reuters.