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Naguib Sawiris told CNBC Arabia: An investor in the mining sector must be careful about the costs of extracting gold


Egyptian businessman Naguib Sawiris said in an interview with CNBC Arabic that the investor in the mining sector should be careful about the costs of extracting gold, adding that gold production in Africa costs him about 700-800 dollars.

He affirmed his previous expectations of reaching $2000 levels, but the current situation does not indicate a good direction for him. He also advised that the individual invest about 10% of his investment portfolio in gold as a safe haven.

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