2023-04-23 11:30:00
Books – Islam Saeed
Sunday, April 23, 2023 01:30 PM
We publish the latest update in gold prices Today in Egypt, where a gram of 21 karat gold recorded, which is the most stable traded in the markets, at 2430 pounds per gram without workmanship, and all bullets recorded remarkable stability in the markets on the third day of Eid Al-Fitr for the year 2023.
Gold prices today
21 karat records 2430 pounds.
18 karat records 2083 pounds.
24 karat records 2777 pounds.
The gold pound is 19440 pounds.
Gold ounce 1985 dollars.
gold in the global stock exchange
witnessed gold prices Global fluctuation during last week’s trading ended with recording the worst weekly decline in eight weeks, as trading closed below the important psychological level of $2,000 an ounce for the first time in 3 weeks, in light of the dollar’s stop falling and a change in interest expectations by the US Federal Reserve, according to Gold Billion. Spot gold prices decreased during the week ending by 0.8%, losing $16, and trading closed for the week at the level of $1983 an ounce. This comes following a significant drop in gold prices yesterday, Friday, by 1%.
Gold and the dollar
The US dollar witnessed great fluctuations during the past week, which ended with a very slight rise, but stopped a series of declines that lasted for 7 consecutive weeks, as the dollar index, which measures its performance once morest a basket of 6 major currencies, increased during the week by 0.1%.
U.S. dollar He got support from the rise in US government bond yields during the past week, as they continue to rise from their lowest levels since last September. The yield on 10-year bonds increased during the week ending by 1.1%, to record the highest level in 4 weeks at 3.637%, according to the report. Gold Billion’s technical yield, as well as the yield on two-year bonds, which is more sensitive to changing expectations of federal interest rates, rose during the past week by 1.1%, to record the highest level in 5 weeks at 4.2820%.
The increasing demand for government bonds is pushing gold to decline, as it withdraws investments from safe haven markets that offer a return such as gold in favor of bonds that are witnessing an increase in yield. Precious is a commodity priced in dollars.
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