Gold prices stabilized in the first trading of the week today, Monday, following they fell at the end of last week, coinciding with the global price of gold reaching $ 1851 at the end of the week’s sessions.
Gold price today in Egypt
18 caliber recorded 864 pounds
21 caliber recorded 1008 pounds
24 carat recorded 1152 pounds
The gold pound is 8064 pounds
Global gold prices
Gold prices fell last week, pressured by the strong dollar, as better-than-expected US jobs data raised fears of monetary tightening.
And spot gold fell 1% to $ 1848.67 an ounce, following falling earlier to $ 1846.4. And US gold futures fell 1.1% to $ 1850.2.
Data showed that US employers hired more workers than expected in May and maintained a fairly strong pace in wage increases, signs of a strong labor market.
The dollar rose 0.3%, while US 10-year bond yields approached a two-week high touched earlier in the session.
