Gold prices today in Egypt are witnessing remarkable stability at levels of 990 pounds per gram of 21 karat, in conjunction with the closure of the gold market globally, down by 2%. .
Gold prices today:
21 carat records 990 pounds.
Caliber 24: 1133 pounds.
Caliber 18: 848 pounds.
The gold pound is 7920 pounds.
An ounce of gold is $1,705.
Saad Salimah, an expert in the metals markets, said that the gold market is awaiting this week a number of events, reports and indicators that could affect the path of the market and the global gold exchange. .
He pointed out, in exclusive statements, that these indicators may lead to adjustments in the directions of investors and those looking for safe investment, as traders are closely watching these data to know the trends of gold prices during this week.
He explained that the gold market in Egypt is not far from the developments in the price of gold globally, and gold may move in a price path and channel between 985 to 1005 pounds per gram of 21 karat this week, up and down, according to the course of things on the global stock exchange.
Gold prices fell 1%, after US Treasury yields and the dollar rose, with expectations for gold already dented by fears that the Federal Reserve will resort to a larger interest rate hike this month to tackle rising inflation.
The dollar hit a new record high in 20 years, hurting demand for gold priced in the US currency among buyers who own other currencies, and rising US 10-year Treasury yields, denting the allure of non-fixed-yielding gold.
Data last night showed that the annual US consumer price index jumped 9.1% in June, the biggest rise in more than 4 decades.