Gold Prices in Egypt and Worldwide: July 7, 2023 Updates and Analysis

Fri 07/July/2023 – 04:24 AM

Gold prices stabilized in Egypt this morning, Friday, July 7, 2023, according to the latest updates of the Egyptian and global market.

Gold prices in Egypt this morning

21 karat gold price
The price of a gram of 21 karat gold recorded about 2175 pounds.

24 karat gold price
The price of a gram of 24 carat gold was about 2486 pounds.

18 karat gold price
The price of a gram of 18 carat gold recorded about 1864 pounds.

The price of the gold pound
The price of the gold pound today is about 17,400 pounds.

The price of an ounce of gold
The price of an ounce was about 1928 dollars.

World gold prices

Global gold prices turned sharply lower when trading settled on Thursday, with the release of economic data that reflected the strength of the labor market in the United States, despite monetary tightening by the Federal Reserve.

ADP data showed that jobs in the US private sector rose, recording the largest monthly increase since July 2022, as it increased by 497 thousand jobs in June, which is more than the number of jobs revised downward for May of 267 thousand, and more than double expectations of 220 thousand.

Upon settlement, gold futures contracts for August delivery fell by 0.6%, or the equivalent of $11.7, to reach $1915.4 an ounce, after touching $1934.0 during trading.

The dollar index, which measures the performance of the US currency against a basket of 6 major currencies, fell by 0.15%, at 103.19 points.

2023-07-07 01:25:49
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