Youm7 TV has dedicated a special report to the price of gold, which has risen by around £25 to £1,410 per gram for 21 carats, which is the most popular in the gold market after yesterday’s sharp rise, reporting the prices at historical levels. of the movement in gold prices.
Gold prices today:
18 karat registered 1208 pounds.
21 carat registered 1410 pounds.
24 carat registered 1613 pounds.
The gold pound is £11,280.
Club Naguib, a member of the Gold Division of the Chamber of Commerce, indicated that the increase in gold prices has influenced the buying and selling movement in the markets, pointing to the global economic situation as the prime reason for the increase in gold prices. ‘gold as a safe haven for investment due to international conditions.
A member of the Gold Division of the Chamber of Commerce confirmed that gold prices could fall in the event of stability and calm of the international situation, stressing that in the event of a fall in prices, the minimum price can reach 1250 pounds per gram of 21 carats.
The total increase in gold prices in Egypt today has reached £45 so far, compared to yesterday’s increase of around £35, as gold continues to post historic highs in the market.
And gold futures closed globally yesterday, as investors followed US economic data that showed deteriorating trading conditions, pointing to a slowdown in economic growth.
The minutes of the recent Federal Reserve meeting revealed that most bank officials supported the issue of slowing rate hikes soon, and by the end of trading, gold futures for December delivery were up about $5.70, or 0.3%, to $1,745.60 an ounce.
The yellow metal was supported by the weakness of the US dollar, which fell by 0.9%, which helps to increase the attractiveness of gold for holders of other currencies.
