to retreat The price of gold in Egypt Today, Monday, the beginning of the week’s transactions at a value of two pounds, just a little while ago, to bring down 21 karat gold, which is the best-selling in Egypt, from 831 to 829 pounds per gram at the time of drafting these lines. Here are the details of gold prices today in Egypt:
Gold prices today:
24 karat records 947 pounds.
22 caliber records 908 pounds.
21 carat records 829 pounds.
18 karat records 710 pounds.
Precious metals markets in the world are witnessing a clear rise in demand for them, especially metal gold Which recorded levels that are almost the highest in 8 months, as an ounce of gold jumped to levels close to 1900 dollars, and Mamdouh Abdullah, a member of the Board of Directors of the Metals Division in the Federation of Industries, explained the reasons for the rise of gold by saying that the tension on the Ukrainian-Russian border is a major reason.
He added, in exclusive statements, that the persistence of fears of an exacerbation of the crisis between Ukraine and Russia is pushing the upward trend, pointing out that gold is a balance of all developments in the world, whether economic, political or security.
He pointed out, in exclusive statements, that gold is heading towards its highest level in eight months, pointing to the decline in US Treasury bond yields, while reports of shelling in eastern Ukraine prompted investors to choose the yellow metal as a safe haven.
Markets have been on alert for the past several weeks as high inflation and upbeat talk from some Federal Reserve officials, notably St. Louis Fed President James Bullard, caused traders to seek the equivalent of seven 0.25% rise this year, and market prices fell Somewhat following the minutes were released, with now a 50-50 chance of the Fed raising its benchmark rate by 1.75%.
He explained that the rise in the inflation rate in the United Kingdom for the fourth consecutive month, reaching 5.5% in January, recording its highest level in 30 years, is pushing it upward, pointing out that the Egyptian market is affected by these changes and that the decision in the market movement in the coming days is linked to these changes. events.
