Gold costs in Egypt right this moment, Thursday … 21 karat at 3120 kilos per gram – Youm7

Islam Saeed wrote

Thursday, June 13, 2024 09:36 AM

We publish Gold costs in Egypt At this time, Thursday, June 13, 2024, which data ranges of 3120 kilos per gram of 21 requirements It’s the finest vendor in Egypt, in opposition to the background of a noticeable development in… World gold value In direction of the rise.

Gold costs right this moment:

24 karat registers 3566 kilos.

21 desk commonplace 3120 kilos.

18 karat weighs 2474 kilos.

14 karat weighs 2080 kilos.

The pound of gold is 24,960 kilos.

Developments within the world gold market

Yesterday, inflation knowledge for the USA of America for the month of Could was launched and confirmed a smaller lower than anticipated, thus rising expectations that the US Federal Reserve will reduce rates of interest this 12 months.

In consequence he rose International gold value per ounce The best degree for the reason that starting of the week was recorded at $2,341 per ounce, after the opening value of yesterday’s session was $2,316 per ounce.

Then the outcomes of the Federal Reserve assembly have been launched and it set rates of interest for the seventh time in a row at a spread of 5.25% – 5.50%. Fed members’ forecasts confirmed that rates of interest It’s anticipated to cut back simply as soon as within the 12 months 2024, by 25 foundation factors, after their expectations final March indicating 3 curiosity cuts this 12 months, with a complete of 75 foundation factors.

Moreover, improve Federal Financial institution Inflation in 2024 was anticipated to be 2.6%, after a earlier forecast of two.4%.

Expectations now level to extra firming in inflation, with one fee reduce anticipated this 12 months, so Value of an oz of gold It returned to say no and misplaced all of the positive aspects it registered for the reason that starting of right this moment’s session, to commerce at the moment on the degree of $2316 per ounce.

Detrimental pressures are nonetheless current International gold market Particularly after the Central Financial institution of China stopped shopping for gold final Could and ended the streak of 18 consecutive months of gold purchases, which was the rationale for gold’s impotence preserve its positive aspects throughout right this moment’s session.