Gold prices jumped a little while ago today, Thursday, by 10 pounds for the third time in a row, following the rise of 17 pounds during the past few hours, bringing the total rise to 27 pounds, as a result of the repercussions of events in Ukraine, where the demand for safe havens rose to record global gold prices, the highest level in a year at 1966 dollars for 1908 dollars before the start of the Russian invasion of Ukrainian lands.
gold prices:
Caliber 18: 737 pounds.
21 caliber: 860 pounds.
Caliber 24: 982 pounds.
Gold pound: 6880 pounds.
Global price: 1966 dollars.
Mamdouh Abdullah, a member of the Board of Directors of the Metals Division in the Federation of Industries, said that the trend for gold is now very high in global stock exchanges, which has caused a repeated rise in the price of an ounce of gold, and it is expected that prices will witness several changes in the coming hours, but change every moment as a result of the repercussions The war in Ukraine and the trend to impose economic sanctions on Russia.
He pointed out, in exclusive statements, that gold prices jumped more than 2.5 percent to the highest level in more than a year, as investors turned to safe havens following the start of the invasion of Ukraine by Russian forces, following orders from President Vladimir Putin to implement what he described as a special military operation.
He explained that gold, which is a safe haven asset in times of turmoil, has increased by 9.5% since the beginning of February 2022 with the impact of the Russian-Ukrainian crisis on risk appetite. The precious metal is heading towards recording its best monthly performance since July 2020.