2023-06-13 10:55:09
Friday 09 June 2023 | 10:31 p.m
The price of gold now
The gold market is in a state of confusion, as a result of the frequent changes during the current period, as the yellow metal recorded record levels in Egypt.
Analysts expected that the price of gold would decline by a large percentage before returning to rise once more, including Harry Dent, founder of HS Dent, who says that gold, which is currently trading at regarding $ 2,000 an ounce, will reverse and achieve a significant decline, and enter the largest collapse that can be seen in its wave. The second, before bouncing back up.
collapse and then recover
He explained that gold will collapse, along with other assets, to $900 an ounce, meaning that it will lose more than 50% of its value, but he said that it will eventually reach $4,000 following the market recovery and the next economic boom.
Dent predicts gold will reach as low as $900 an ounce by mid-2024.
The decline in the price of gold
He noted that gold is not a safe haven, expecting gold to drop to $900 to $1,000, and this will be much lower than other commodities.
gold prices
Dent, who predicted a decline in the price of gold by 2024, said that India’s growth bodes well for the long-term outlook for gold prices, noting that the country’s gold consumption is the second largest importer of gold in the year.
He added that if India flourishes, gold will flourish, because Indians buy and use gold for security, jewelry and everything else.
Gold prices today, Friday
Today, Friday, gold prices witnessed a state of stability during the day’s trading, compared to the price of gold during the beginning of trading, as the price of 21 carat gold recorded regarding 2,330 pounds for sale.
Gold price without workmanship today
In the interest of the “Al-Aqaria” newspaper to provide comprehensive service coverage to its readers, we publish to you the price of gold without workmanship during the end of today’s dealings, according to the latest updates of the “egypt gold price” website, which specializes in gold prices.
The price of gold without workmanship now
24 karat gold price
The price of 24 karat gold was recorded, 2,669 pounds for sale, and 2,680 pounds for purchase.
22 karat gold price
The price of 22 karat gold recorded 2,446 pounds for sale, and 2,457 pounds for purchase.
21 karat gold price
The price of 21 karat gold recorded 2,335 pounds for sale, and 2,345 pounds for purchase.
18 karat gold price
The price of 18 karat gold recorded 2,001 pounds for sale, and 2,010 pounds for purchase.
14 karat gold price
The price of 14 karat gold recorded 1,557 pounds for sale, and 1,563 pounds for purchase.
12 karat gold price
The price of 12 karat gold recorded 1,334 pounds for sale, and 1,340 pounds for sale.
The price of the gold pound
The price of the gold pound recorded 18,720 pounds for sale, 18,640 pounds for sale.
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