A number of gold traders confirmed that the recent period negatively affect their sector because of the events and changes, taking place in some foreign countries, such as Greece next to the fluctuation of the dollar and the rise and fall of global stock markets, in addition to the recent decline in the economic situation of the local citizens in general.

Araby Hassan, a member of the Gold Division at Cairo Chamber of Commerce, said that the fluctuation of the dollar and global stock affect the stability of gold, pointing to a decline in sales this year despite the Eid al-Fitr, which was witnessing a recovery in sales in the past years.

Adel Raddy, the Chairman of the Division of Gold Traders trade at Giza Chamber of commerce, said that gold sales during the current stage will not go beyond 30% OF 2005 Sales with Decline up to 70 %, expecting the falling in gold prices in the coming period, but this will not affect the sales; as a result of weak financial liquidity, which is linked to increasing of sales regardless of increasing or declining in prices.