| The price of gold dropped in the past week in what is considered the sharpest drop in the past 16 years. Financial analysts consider this development as a result of the crisis in the European Union. However, this is also considered a great period for personal savings and investments, as well as increased competition among gold shops. Media reports confirm that gold prices are not expected to drop bellow $1,000 an ounce.
Abdullah Al-Ammari, the CEO of Salim Hassan Al-Amari and his brother's company, said that the local market has witnessed an increase in demand for 50 and 200 grams gold bullions. He noted that the drop in prices is a great opportunity to make savings as an investment...............................................Full Article: Source
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