Today, Saturday, the price of gold recorded a drop of 4 pounds, dropping by 21 carat, which is the main caliber in the gold market in Egypt, from 803 pounds to 799 pounds per gram, with a slight drop in the global price of an ounce of gold to 1837 dollars.
Gold prices today
Caliber 18 recorded 685 pounds per gram
Caliber 21 recorded 799 pounds per gram
Caliber 24 recorded 913 pounds per gram
The gold pound is 6392 pounds
An ounce of gold is $ 1837.
The world gold prices achieved yesterday its first weekly gain in four weeks, as the dollar retreated due to growing hopes for US stimulus, and ahead of the release of US non-agricultural employment data, due later today.
There was little change in gold in spot transactions at $ 1840.75 an ounce, and US gold futures rose 0.2% to $ 1844.10. Gold added about 3% since the beginning of this week.
“The bullish momentum (of gold) is strong due to one of the reasons being weak in the dollar and prices are technically below their true level,” said Margaret Yang, analyst at the Daily Fix, adding that the yellow metal may find strong support at between $ 1,800 and $ 1750, but Yang warned that it may There are risks of falling prices if the economic recovery accelerates and inflation rises above the target, which may stimulate the US Federal Reserve to curb its monetary stimulus, which may strengthen the dollar, according to Reuters.
A $ 908 billion, bipartisan aid plan for coronavirus relief in the United States gained momentum in the US Congress on Thursday, as conservative lawmakers showed their support.
The yellow metal also received support after Pfizer lowered its target to distribute its anti-Covid-19 vaccine, and for other precious metals, platinum gained 0.8 percent to $ 1037.67 an ounce, and palladium rose 1.7% to $ 2340.32. Silver fell 0.1% to $ 24.03 an ounce, but it is heading higher. 5.8% per week.
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