Soared gold prices In Monday morning trading, the value of 6 pounds is recorded gold The 21 carat, which is the best selling in Egypt, is 772 pounds per gram, with the return of the global price of an ounce of gold noticeably to 1750 dollars.-
Mamdouh Abdullah, an expert in precious metals markets, said that the return of global demand for the precious metal is expected with the significant drop in prices, because investors tend to buy the precious metal with the decline in prices in order to speculate and make profits.
He added in exclusive statements, that the current trend towards a rise by 0.83% may continue until the end of today’s trading, but things may change due to the US stimulus plan that constantly affects the decisions of investors and investment funds.
Gold prices today:
Caliber 18: 661.70 pounds.
Caliber 21: 772 pounds.
Caliber 24: 882.25 pounds.
Gold pound: 6176 pounds.
An ounce of gold is $ 1750.
Gold had fallen strongly last week, after oil prices rose to their highest level since the beginning of 2020 amid expectations of a recovery in global demand, and a strong rise in bond yields, putting pressure on US indices, and gold continues to decline.
Federal Reserve Chairman Jerome Powell said that he is not in a hurry to raise interest rates, as the US economy continues to recover from the Corona pandemic, and this has caused a decline in gold prices.
– .
