Saudi gold traders in Makkah and Jeddah
complaining about low demand for gold and
difficulties they face are looking for ways to boost
the market. The traders also object to the inequality
between Saudi traders and foreign investors in the
gold market. “The gold sector still suffers from high
prices, which lead to the dismissal of large numbers
of employees and the shutdown of many gold
shops,” said Ziyad Farsi, deputy chairman of the
Makkah Chamber of Commerce and Industry.
He said investors and employees in the gold market
were the worst affected following a slump in the
sale of gold due to high prices.........
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