Gold prices stabilized in morning trading today, Thursday, in Egypt, after falling by 16 pounds yesterday evening, where the 21-carat, which is the best-selling in Egypt, recorded 833 pounds per gram, but these prices are likely to change during the coming hours, with the return of the ounce, but at a value that is not great until the formulation These lines.
Gold prices today in Egypt.
Caliber 18: 714 pounds
Caliber 21: 833 pounds
Caliber 24: 952 pounds
Gold pound: 6664 pounds
World price: $ 1919
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Gold fell more than 2% yesterday evening, Wednesday, affected by the recovery in the US dollar and the rise in US Treasury yields, in light of investors betting on the Democrats winning the run-off elections for the two seats in the Senate in Georgia.
The spot price of gold was down 2.1 percent to 1907.75 dollars an ounce, after it earlier recorded its peak in nearly two months at 1959.01 dollars. And US gold futures fell 2.2 percent, to be settled at 1908.60
Dollars.
Tae Wong, director of trading in industrial and precious metals derivatives at BMO, said, “The rise in (bonds) yields strengthened the dollar and sparked selling in gold, which was accelerated by automatic stop-loss orders below the $ 1935 to $ 1940 range.
“$ 1900 is an important pivot level that should be maintained if the betting on rising prices is to continue in the short term.”
The yield on the 10-year US Treasury rose above 1 percent for the first time since March, increasing the opportunity cost of holding non-yielding gold.
The dollar index rose after falling to its lowest level in two and a half years, which reduces the attractiveness of gold to holders of other currencies.
In other precious metals, silver fell 2 percent to $ 27.00 an ounce, while platinum fell 0.9 percent to $ 1,102.04. Both minerals fell more than three percent earlier in the session.
Palladium fell 1.5 percent to $ 2,430.39 an ounce, after earlier declining by as much as three percent.
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