2023-04-29 06:35:00
Books – Islam Saeed
Saturday, April 29, 2023 09:35 AM
landed Gold price in EgyptToday, Saturday, it rose approximately 200 pounds per gram, following unjustified jumps in prices during the past days, and 21 karat gold fell from 2800 to 2600 pounds per gram, with cautious calm in the markets, while sources in the Gold Division suggested a new decline in the coming days. Due to the huge exaggeration in pricing operations during the current period.
Gold prices today:
24 karat records 2971 pounds.
21 karat records 2,600 pounds.
18 karat records 2229 pounds.
The gold pound is 20,800 pounds.
Gold ounce 1990 dollars.
Global gold prices
Gold prices fell globally, during yesterday’s Friday session, which is the last trading sessions for this week and the last sessions for April, and gold advances to record a limited monthly rise following witnessing a negative correction during the last two weeks, so that trading remains limited below the level of $2000 an ounce, and the focus of the markets remains focused The US Federal Reserve will meet next week, according to the Gold Billion platform report.
Spot gold prices are trading at the time of writing the report at the level of $1982.19 an ounce, recording a decrease of 0.3%, and gold failed to record an increase on the weekly level following the week’s trading settled below the psychological level of $2000 an ounce.
On the other hand, gold accepts a monthly increase of 0.6% during April, and it had recorded the highest level in 13 months at $2048.76 an ounce.
The decline in gold prices today comes for the third consecutive session in light of the dominance of selling operations to take profits, and the failure of gold to rise following the US data that was issued on Thursday.
The personal consumption expenditures price index during the first quarter of this year came up by 4.9%, much higher than the previous reading by 4.4%, while the weekly jobless claims data showed an unexpected decline during the past week, which indicates the strength of the labor market despite the Fed’s expectations of a decline in his performance.
Also, GDP data during the first quarter showed that the US economy grew by 1.1%, less than the previous reading of 2.6% and less than expectations of 2.0%, due to the slowdown in the economy resulting from the continued raising of interest rates and high inflation, but the fact that growth rates are still in the positive area The US Federal Reserve may give enough space to continue raising rates, given that the Bank indicated its willingness to risk a moderate recession in order to fight inflation.
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