2024-02-27 18:50:00
Written by Islam Saeed Tuesday, February 27, 2024 08:50 PM Recorded gold prices In Tuesday evening trading, an increase of regarding 20 pounds, with gold recording a level of 3020 thousand pounds per gram of gold. 21 caliber It is the best-selling in Egypt, amid continuous changes in gold prices In the markets.
Gold prices today
18 karat records 2589 pounds.
14 carat registers 2016 pounds.
The price of an ounce has increased gold Global news today, Tuesday, in light of the decline in the dollar, while investors await US inflation data and statements from members of the Federal Reserve to obtain signals regarding the possible timing of reducing interest rates by the US Federal Reserve.
Record price gold The spot rose today by 0.2% to record the highest level in two sessions at $2035 per ounce. At the time of writing the technical report, Gold Bellion was trading at the level of $2036 per ounce. It had opened today’s session at the level of $2031 per ounce.
to attest gold It rose last week by more than 1% to record the highest level in two weeks at $2041 per ounce, and last Friday it rose by 0.50% to close at $2035 per ounce, but gold It did not continue to rise following that because the markets were waiting for important data on the US economy.
On the other hand, we find that the US dollar has declined since the beginning of the week, completing another decline during the past week, in light of investors selling the dollar as soon as it rises and records a price peak, due to the fact that the US Federal Reserve will eventually reduce interest rates this year, which prompts investors To not wanting to hold the dollar.
This week, the markets are awaiting the release of personal consumption expenditures data on the US economy, which is the Federal Reserve’s preferred measure of inflation. Expectations indicate that inflation will remain stable, especially following inflation data on consumer prices and producer prices came in better than expected.
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