register Price of gold At the start of today’s transactions, 3,450 pounds per gram of 21 carats, which is the best selling item on the markets, is a noticeable decrease compared to yesterday’s transactions, as shown by A global ounce Continued change above the $2,500 level.
Gold prices in Egypt:
24 karat registers 3944 pounds.
21 standard costs 3450 pounds.
18 karat carat costs 2955 pounds.
14 karat weighs 2313 pounds.
The pound of gold is 27,600 pounds.
Gold has a bullish trend
The upward trend in gold prices is expected to continue, as it has done in previous interest rate cutting cycles by the US Federal Reserve, along with continued demand from central banks and its status as a good hedge against risks geopolitical and economic.
On the other hand, the state of instability and geopolitical tension continues in the Middle East region, which keeps the demand for safe havens present in the financial markets, which for… Gold prices.
As for gold movements this week, we have found that it has been seeing fluctuations since the beginning of the week due to the recovery of US dollar levels from its lows in the 13 months, which reduced the chances of increasing gold. Gold prices.
While the markets await this week the release of important data on the US economy related to growth rates in the second quarter of the year, as well as the personal consumption expenditure index that will be published at end of this week, which is the Federal Reserve’s favorite inflation indicator.
2024-08-28 08:04:00
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