The specter of the Ukrainian-Russian war still dominates the global scene, not only on the political level, but on the economic level, as the markets continued to turmoil as a result of the continuing war battles there, as the demand for gold rose significantly to record levels of 1970 dollars per ounce, an increase of 1.7%.
Gold price today in Egypt It rose about 6 pounds, affected by the prices of the metal on the global stock exchange, which continued to rise over the past 48 hours, in light of the growing demand for safe havens, which pushed gold to record levels.
Gold prices today
18 caliber at 743 pounds
21 caliber for 866 pounds
24 karat for 990 pounds
The gold pound is 6928 pounds
As for the US gold futures contracts, it recorded a 2% increase at the settlement to reach $ 1974 an ounce at the close of trading of the week, to achieve the highest weekly closing since September 2020, and the yellow metal jumped in spot trading by about 1.6 percent, to reach its gains this week about 4%.
The main reason for the rise of gold is due to the geopolitical tensions that the world is witnessing due to the Russian-Ukrainian war, which increased investors’ demand for gold as a safe haven, in light of harsh US sanctions on the Russian economy, which also caused a rise in oil prices.