2023-06-06 06:07:00
Islam Saeed Books
Tuesday, 06 June 2023 09:07 AM
We publish the latest update on gold prices in Egypt today, Tuesday, at the beginning of trading, and the gram rose 10 pounds, and the gram of 21 karat gold, which is the best-selling in Egypt, recorded 2350 pounds. The following are the latest developments in gold prices in Egypt and the global stock exchange
Gold prices today:
21 karat records 2350 pounds.
18 karat records 2014 pounds.
24 karat records 2686 pounds.
The gold pound is 18,800 pounds.
Gold prices in the global stock exchange
Global gold prices witnessed a negative start to trading this week, following a significant decline last Friday. This comes following the US jobs report last Friday, which supported the rise of the dollar and raised expectations that the US interest rate might remain at its highest levels for a longer period of time.
Spot gold prices fell yesterday, Monday, by 0.4%, to trade at the time of writing the technical report for Gold Billion at $ 1941 an ounce, close to its lowest level in two and a half months, which it recorded last week at $ 1931 an ounce, following falling last Friday by more than 1%.
The negative impact of the US jobs report, which was issued last Friday, on gold continues with the beginning of the week, as 339 thousand jobs were hired compared to expectations, which were at a value of 193 thousand jobs, and the previous reading was at a value of 294 thousand jobs, in addition to this, unemployment rates rose to 3.7% following it was at its lowest level in 53 years at 3.4% last April.
This data contributed to increasing expectations that the US interest rate may stabilize at high levels for a longer period of time, despite the statements of a number of US Federal Reserve members last week, which indicated their agreement with fixing interest rates during the next bank meeting this month.
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