Books – Islam Saeed
Saturday, 08 April 2023 11:23 AM
witness Gold price in Egypt A decline of about 60 pounds over the course of a week, since the opening of trading on Saturday, April 1, until today, Saturday, April 8, as the price of a gram of 21 carat gold fell from 2220 pounds per gram to 2160 pounds per gram in today’s dealings, with the calm of violent speculation on gold in the markets.
Gold prices today:
21 karat records 2160 pounds.
18 karat records 1851 pounds.
24 karat records 2469 pounds.
The gold pound is 17,280 pounds.
Gold ounce 2006 dollars.
Flows of gold ETFs turned positive for the first time in 10 months over the past two weeks, as a report on flows into investment funds revealed that long positions increased by 82.8 thousand lots (a standard contract), the largest increase in two weeks since June 2019..
The data indicated that the purchase contracts, despite their rise, are still far from the top of the purchase contracts, which indicates that there is enough space for more purchases on gold contracts with investment funds, according to the data. gold Bullion
World Gold Council
The World Gold Council announced that global gold reserves increased by 52 tons last February, to record an increase for the 11th month in a row. This comes after purchases of 74 tons of gold last January, while the year 2022 witnessed a record level of gold purchases by central banks by 1136. tons.
Since the beginning of the year until today, central banks’ net purchases of gold amounted to 125 tons, and the largest buyer in February was the People’s Bank of China with 25 tons, which is the fourth monthly increase for China. The Turkish Central Bank also bought 22 tons in February, for the 15th consecutive month, as Turkey is the largest buyer of gold during the past year.
