Gold prices rise in the global market due to the Corona virus

“Lord of harmful harm,” thus many believe in some situations that face crises or problems, and it seems that there are benefits that have been obtained by some from the spread of Corona disease in many countries around the world, especially China. Gold is seeking to achieve gains as investors seek safe investment (safe haven), while fears are increasing about the spread of the Corona virus concentrated in China, and the impact of this outbreak on the growth of the global economy.

Gold prices rise 0.2% globally

Today, Thursday, January 30, 2020, gold recorded an increase globally and locally in Al-Sagha stores in Egypt, as it rose 0.2% to $ 1579.44 an ounce in one-time transactions, after a larger increase in trading yesterday, of 0.7%. In the same vein, US gold futures rose 0.5% to $ 1,578.60.

According to the British news agency “Reuters”, the shares recorded a decline in all parts of the world, while the returns of record German government bonds, which reached a ten-year term approaching the lowest level in three months, as well as the returns of US treasury bonds, which reached ten years, to their lowest levels since Last October 10.

Gold prices locally today, Thursday 30 January 2020

In the goldsmiths shops in Egypt, gold prices continued their rise today, as they recorded a full value of 8 pounds in the goldsmiths shops.

• The price of gold 21 caliber reached 700 pounds per gram
• The price of 18 carat gold reached 600 pounds per gram.
• The price of gold 24 caliber reached 801 pounds
• The price of the gold pound reached 5 thousand and 615 pounds.

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