witnessed Gold prices today In the Egyptian market, an increase of about 3 pounds, at the end of this week’s trading, as trading depends on gold On Saturday and Sunday of each week, the rise of gold came against the backdrop of a rise in demand for the precious metal on the global stock exchange at the end of this week’s trading, according to the trading sessions on gold Yesterday, Friday, the last weekly trading session for gold.
Gold price in Egypt today:
Carat 18 recorded 872 pounds per gram
21 carat recorded 1018 pounds per gram
24 carat recorded 1164 pounds per gram
The gold pound is 8144 pounds
For the second week in a row, gold prices Its trading on clear gains, as the Ukrainian crisis and the expansion of inflationary pressures raised the attractiveness of the metal, which is considered a safe haven..
Stephen Innes, managing partner, said the political risks by escalating the war in Ukraine are piling up again, driving all prices up in public goods and this is already creating that inflationary environment.“.
He added that gold At the moment, it is mainly supported by what we heard from the Fed last period, in addition to inflation data in the United States“.Non-yielding bullion is a safe store of value in times of uncertainty and an inflation hedge..