Islam Saeed wrote Monday, December 25, 2023 12:40 PM
jump gold price In Egypt a short while ago, in an unprecedented manner, all calibers traded in the market recorded increases of about 70 pounds in each of the main calibers in the Egyptian market, and the price of a gram recorded. 21 karat gold It is the best-selling product in Egypt at 3,150 pounds per gram without any additives, which is an unprecedented historical level in Egypt.
Gold prices in Egypt
24 karat records 3600 pounds.
21 caliber costs 3150 pounds.
18 karat costs 2700 pounds.
14 karat is 2100 pounds.
The gold pound is 25,200 pounds.
rose gold prices To record the highest level in nearly 3 weeks during the closing session of the week, supported by the decline in the levels of the US dollar after the lower-than-expected growth data that was issued. Gold’s rise comes after it closed above the level of $2040 per ounce at $2045, up by 0.7%, as the price was unable to achieve Daily closing above this level two weeks ago.
And gained gold Great positive momentum during yesterday’s session after the GDP data for the United States during the third quarter of the year, which showed growth shrinking to 4.9% from the previous reading, which indicated growth of 5.2%.
In addition to this, the Philadelphia Index for the performance of the US industrial sector fell sharply to record – 10.5, compared to the previous low reading of – 5.9%, which indicates that the US economy has begun to truly suffer as a result of the cycle of interest raising by the Federal Reserve for the purpose of fighting inflation.
These data contributed to increasing market expectations that the Federal Reserve will accelerate interest rate cuts, due to the emergence of a slowdown in various sectors of the US economy, bringing the odds of a rate cut in March to more than 70%.
As for the US dollar, it declined significantly yesterday after the weak US data, with the dollar index recording a decline of 0.6% and recording its lowest levels in 5 months, on its way to recording a weekly decline of 0.8%, which is a decline for the second week in a row.
2023-12-25 10:40:00
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