Today, Sunday morning, gold prices witnessed a limited decline of regarding 5 pounds, and a gram of 21 carat gold, which is the best-selling in Egypt today, recorded 1445 pounds per gram without any industrial addition, following a significant rise in the past days as a result of the tendency of consumers and owners of capital to hedge once morest a drop in currencies.
Gold prices today:
18 karat recorded 1239 pounds.
21 karat recorded 1445 pounds.
24 karat, a record of 1651 pounds.
The gold pound is 11,560 pounds.
The total rise in gold prices at the end of last week reached 160 pounds in the Egyptian market as a result of the high demand for gold in the market and the decline in supply.
The minutes of the recent Federal Reserve meeting revealed that most bank officials supported the issue of slowing down the rate hike soon, and at the end of trading, gold futures for December delivery rose by regarding $5.70, or 0.3%, to $1,745.60 an ounce.
The yellow metal received support from the weakness of the US dollar, which fell by 0.9%, which helps increase the attractiveness of gold to holders of other currencies.
