registered gold prices Internationally and locally, its highest level in more than two months, in conjunction with a noticeable rise in the dollar prices at the global level, as well as the investors’ aversion to risk, and resorting to safe havens, especially the yellow metal, which was reflected in the performance of gold globally, recording noticeable increases over the course of The past three days, as the metal metallic rose by 1.7% to break the ounce of gold barrier of $ 1500, and the metal witnessed an increase of one pound today, Saturday.
Gold prices in Egypt
Caliber 18 recorded 578.5 pounds per gram
Caliber 21 recorded 675 pounds per gram
Caliber 24 recorded 771.5 pounds per gram
The gold pound is 5400 pounds
An ounce of gold is $ 1511.
Ihab Wasef, deputy head of the Precious Metals Division, said for the seventh day that gold prices are at their highest levels in nearly two months, as the yellow metal received support from weak economic data from the United States and concerns about a temporary trade agreement between the United States and China.
He added that the uncertainty about the Sino-American consensus cast a shadow over the markets, which raised the demand for the precious metal to ascend to $ 1511, and added to the fears that Canada’s economy contracted, contrary to the expected 0.1% in October, marking the first monthly drop since February, including among them a strike American auto sector, which negatively affected manufacturing, which was reflected in the price of gold.
Wasef explained that there is a noticeable increase in the performance of the dollar, as well as the investor’s aversion to risk and demand for safe havens, which raised the demand for the precious metal significantly, adding, “Gold is considered an investment alternative in times of political and financial uncertainty, and on the trade front, anticipation Investors are further developments regarding the one-stage agreement between the world’s two largest economies.
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