2023-05-30 08:26:00
Islam Saeed Books
Tuesday, May 30, 2023 11:26 AM
witness Gold prices in Egypt today A decrease of regarding 5 pounds, and a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2325 pounds, compared to 2330 pounds at the beginning of trading today, Tuesday. The following are the latest developments in gold prices in Egypt and the global stock exchange.
Gold prices today:
21 karat records 2325 pounds.
18 karat records 1993 pounds.
24 karat records 2657 pounds.
The gold pound is 18,600 pounds.
Gold purchase contracts
The CFTC’s Detailed Commitments of Traders report, which shows the speculative position on gold for the week ending May 23, showed reduced demand for gold. Gold purchase contracts Compared to the previous report, it amounted to 19,101 contracts, while the demand for gold sales also decreased, compared to the previous report, by 19 contracts.
The report also showed an increase in the total number of trading decisions on buying contracts gold To 261 trading orders, while orders to buy gold selling contracts reached 179 trading orders, the late data issued by the Commodity Futures Trading Commission (COT) report shows a continued decline in demand for buying contracts, which reflects the recent decline in gold prices due to expectations that interest rates will return to rise once more.
This was also reflected negatively on the performance of investment funds operating in gold, which witnessed a wave of decline that lasted for 3 consecutive weeks due to the weakness of global gold prices, in addition to the exit of investments from the funds in favor of US government bonds.
The gold-backed SPDR investment fund, which is the largest gold fund in the world with total assets amounting to $60 billion, witnessed a decline of 1.3% during the past week, recording the lowest level in 9 weeks.
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