A decline in gold prices today, Friday 7-7-2023, in Egypt

2023-07-07 07:03:11

Fri 07/July/2023 – 10:00 AM

witnessed Gold price in EgyptA decrease with the beginning of trading this morning, Friday, July 7, 2023, as the price of a gram of 21 karat gold recorded regarding 2170 pounds, down 5 pounds per gram, according to the latest updates of the Egyptian and global market.

Gold prices in Egypt this morning

Cairo 24 reviews gold prices today, Friday, in Egypt, as follows:

24 karat gold price

The price of a gram of 24 carat gold was regarding 2480 pounds.

21 karat gold price

The price of a gram of 21 karat gold recorded regarding 2170 pounds.

18 karat gold price

The price of a gram of 18 carat gold was regarding 1860 pounds.

The price of the gold pound

The price of the gold pound today is regarding 17460 pounds.

The global price of gold

Gold prices rose during these moments of trading, today, Friday, but are on track for a fourth consecutive weekly loss, as the latest US jobs data and hawkish comments from Federal Reserve policymakers boosted bets on higher interest rates for a longer period, which negatively affected the yellow metal. Where the price of an ounce was regarding 1915 dollars.

The markets are awaiting the release of key employment data, as well as the unemployment rate in the United States, today, Friday, to anticipate the expected monetary policy path by the US Central Bank, and gold futures rose by 0.27% to $1920 an ounce, while spot contracts rose by 0.21% to $1915. per ounce. On the other hand, the dollar index fell by 0.14% to 102.715 points.

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