Gold prices stabilized during the evening trading, today, Wednesday, January 15, 2020, in the local market.
The 21-carat recorded about 683 pounds per gram, according to the Gold Division, while the 18-carat recorded about 585 pounds, while the 24-carat scored about 781 pounds, and the price of gold per pound locally reached 5464 pounds, and the ounce price recorded 1548 dollars compared to 1562 yesterday.
Globally, the price of gold rose globally on Wednesday, as investors sought safer assets in light of the uncertainty about the impact of the one-stage trade agreement between the United States and China, according to Reuters.
And gold increased in immediate transactions 0.3% to $ 1550.60 an ounce
A US official said that the duties imposed on Chinese goods will remain in force, according to the agency.
And gold prices in Egypt jumped in trading early last week, as a result of the increase in gold prices globally with the escalation of tensions in the Middle East, and the conflict between the United States and Iran, but returned to retreat after the calm of the political atmosphere.
The price of gold rose last Friday, supported by disappointing data for jobs in the American non-agricultural sectors, but the decline in tensions in the Middle East, which boosted demand for riskier assets, curbed the gains of the yellow metal.
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