2024-03-13 13:39:00
Islam Saeed wrote Wednesday, March 13, 2024 03:39 PM
to attest Gold price in Egypt A new decline of regarding 55 pounds since yesterday evening, Tuesday, and a gram of 21 carat gold recorded in today’s trading 3045 pounds per gram without any manufacturing addition, in conjunction with the stability of demand in the markets.
Gold prices today:
24 karat records 3480 pounds.
21 carat costs 3045 pounds.
18 carat costs 2610 pounds.
14 karat weighs 2030 pounds.
The gold pound is 24,360 pounds.
Tomorrow, Thursday, the gold market is awaiting important data on the US economy related to producer prices, which is the inflation indicator related to companies and manufacturers, in addition to retail sales data and US unemployment claims. These data will have a major impact on the dollar levels and gold movements.
The recent wave of rise in the global price of gold witnessed the injection of large liquidity into the commodity futures markets, which was the reason behind the rapid and significant rise in gold, due to fears that the US stock markets would enter into correction processes in light of the recent record levels they recorded.
Also, continuing concerns regarding global geopolitical tensions helped demand for gold rise significantly, as markets continued to monitor attacks on Russian energy infrastructure from Ukraine, which prompted Russian President Vladimir Putin to warn the West that he was ready for a nuclear war.
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