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Low gold prices … and expectations of an increase after Trump’s recovery from Corona

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Gold prices decreased by one pound during trading today, Monday, in the local market, and the 21-carat recorded at 829 pounds per gram, compared to 830 during the past two days.

Amir Rizk, a member of the Jewelers Division, told Al-Masry Al-Youm that the decline in the gold market was caused by US President Donald Trump’s infection with the Coronavirus, stressing that if Trump was discharged from the hospital, prices would rise in a crazy way.

Rizk added that in the coming hours, with the opening of the US stock exchanges, it is expected that prices will witness a significant decrease if Trump continues in the hospital and vice versa if he leaves.

Rizk pointed out that the 18-carat recorded 711 pounds, per gram, and the 24-gram price was about 947 pounds, and the gold pound reached 6632 pounds, and the ounce price reached 1900 dollars.

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