Saturday, July 15, 2023 01:49 PM
Price saw gold In Egypt, today, Saturday, a drop of about 10 pounds, to record a gram of 21 carat gold, which is the best-selling in Egypt, 2190 pounds per gram, despite the global increase in the price of gold at the end of the week’s trading.
Gold prices in Egypt:
24 karat records 2503 pounds.
21 karat records 2190 pounds.
18 karat records 1877 pounds.
14 karat records 1460 pounds.
The gold pound is 17,520 pounds.
Detailed Commitment of Traders report issued by the CFTC, which shows the speculative situation on gold for the week ending July 11, showed a significant increase in the demand for gold contracts compared to the previous report by 240,546 contracts, while the demand for gold contracts increased compared to the previous report by 240,546 contracts. 74,792 contracts.
The report also showed an increase in the total trading decisions on gold purchase contracts to 248 trading orders, while trading orders on gold selling contracts reached 160 trading orders.
The late data issued by the Commodity Futures Trading Commission (COT) report shows the expansion of demand for buying contracts again, while the demand for short contracts continues as well, which describes the significant positive move that gold recorded during the past week, according to Gold Billion.
The continued increase in the demand for short contracts also reflects the caution of investors and the lack of clarity in the vision for gold markets in the short to medium term.
2023-07-15 10:49:00
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