Retreat gold price At the conclusion of the Egyptian goldsmith’s dealings today, Thursday, in conjunction with the violent decline of the global ounce below the $1920 level, after a loss of $26 from the 1946 range this morning.
The price of gold decreased at the end of Egypt’s goldsmiths’ dealings, relatively slowly, ranging between 10 and 11 pounds per gram, and 50 pounds per gram. gold pound.
Club Naguib, a member of the Gold Division today, told Al-Ousboa that gold prices in Egypt fell immediately after the sharp drop in gold prices ounce Global, which bled above the $20 limits after the release of US GDP data, which came higher than expected, recording a growth of 2.9% during the last quarter of 2022, while experts expected it to target a rate of 2.6%.
Naguib explained: I witnessed gold stock exchange Quick selling movements on the part of investors, especially with the yellow metal approaching achieving the 1950 levels, to fall below the $1926 level as a result.
Gold Division member completed: concluded gold prices In Egypt today, its trading is amidst the weak buying and selling situation, for 21 carat to fall near the level of 1755 pounds, while the price of a gram of 18 carat gold recorded 1504, and the price of 24 carat gold ranged around 2006 pounds per gram.
The price of a pound of gold
And he continued: The price of the gold pound also fell to 14,070 pounds from the level of 14,120 pounds this morning, losing 50 pounds in one day’s trading.
Gold price forecast
And the member of the Gold Division concluded that the yellow metal is expected to witness a state of decline inside Egypt in conjunction with the fluctuation of the gold price globally until the date of the US Federal Reserve meeting, to decide on the pace of its interest rates.
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A good time to buy.. The price of gold today, Thursday, during morning trading
