We publish the latest update in gold prices today in Egypt today, Tuesday, following prices fell by regarding 12 pounds, following rising more than once in yesterday’s trading.
Gold prices today:
21 caliber records 1028 pounds.
Carat 18 records 882 pounds.
24 carat records 1174 pounds.
The gold pound is 8224 pounds.
Gold Price Forecast
Alaa Rashid, an expert in the metal markets, confirmed that gold prices are heading towards a noticeable upward movement since the flotation period in 2016, as prices recorded levels of 600 pounds, which is a great resistance level for gold, and with the price exceeding this point to 600 pounds, the price fell once more, approximately 60 to 70 Pounds, then it rose and the market broke through this level to continue a series of rising over different stages and periods of time.
He added, in exclusive statements, that the closest point of resistance faced by gold in Egypt following that was recording the level of 928 pounds per gram as its highest price in 2021, and then the market returned following that and declined to record 740 pounds and the metal moved in a channel between the two prices, then the market continued to rise strongly to record following that, 1250 pounds as the highest A historical price that gold reached during May 2022.
He stressed that the decline that occurs in prices currently cannot be called a downward trend for gold, and we can judge gold and say that it recorded a descending level when prices reach the level of 740 pounds per gram of the main carat 21 once more and that this level is completely far from the current prices.
