We publish the latest update on gold prices in Egypt today, and a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2340 pounds. The following are the latest developments in gold prices in Egypt and the global stock exchange, according to developments in the gold market in Egypt and the latest developments in global trading.
Gold prices today:
21 karat records 2340 pounds.
18 karat records 2006 pounds.
24 karat records 2674 pounds.
The gold pound is 18,720 pounds.
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The Commodity Futures Trading Commission’s Detailed Commitment of Traders report, which shows the speculative situation on gold for the week ending May 23, showed that the demand for gold purchase contracts decreased compared to the previous report by 19,101 contracts, while the demand for gold selling contracts also decreased compared to the previous report by 19,101 contracts. 19 contracts.
The report also showed an increase in the total trading decisions on gold purchase contracts to 261 trading orders, while orders to buy gold sales contracts reached 179 trading orders. The recent decline in gold prices is due to expectations that interest rates will rise again.
This was also reflected negatively on the performance of investment funds operating in gold, which witnessed a wave of decline that lasted for 3 consecutive weeks due to the weakness of global gold prices, in addition to the exit of investments from the funds in favor of US government bonds.
The gold-backed SPDR investment fund, which is the largest gold fund in the world with total assets amounting to $60 billion, witnessed a decline of 1.3% during the past week, recording the lowest level in 9 weeks.
2023-05-31 07:00:00
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