We publish Price of gold In Egypt today, Thursday, in the morning trade, after an increase of about 10 pounds in the market of goldsmiths, it arrived Price per gram of 21 carat gold The bullion rate in Egypt is 3740 pounds per gram.
Gold prices in Egypt today:
24 karat registers 4274 pounds.
21 carats cost 3740 pounds.
An 18 carat carat costs 3205 pounds.
The pound of gold is 29,920 pounds.
Uncertainty related to the US elections is the biggest factor affecting the financial markets in this period, and is the reason behind the acceleration increase. Gold prices Globally, especially with the convergence of poll results between the candidates, so the result will not be decided for the candidate until the end of the electoral battle.
Some expectations are currently showing that whoever wins this election will be for gold, as both presidential candidates are proposing inflationary policies, which will be very supportive of gold.
On the other hand, we find that the situation in the Middle East continues to escalate without clear plans for calm yet, and that is the factor that helped gold to the his benefits to hold for most of this year.
When we look at America’s monetary policy, we find that it has been supportive of discounting and reducing money… Interest rates Clearly, this is after the US Federal Reserve last September lowered interest rates by 50 basis points at the same time.
In addition to this, the central banks of the world continued to reduce interest rates and continue with an easy monetary policy, which is an appropriate environment for an increase. Gold prices Because it reduces the opportunity cost of gold, gold does not provide a return to its owners.
2024-10-24 10:30:00
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