2023-11-24 11:03:00
Written by Islam Saeed Friday, November 24, 2023 01:03 PM We publish the latest update in gold prices Today is Friday, November 24, 2023, following a gram of gold was recorded 21 caliber– It is the best-selling product in Egypt – 2750 pounds – at the time of writing these lines – and that comes with instantaneous changes in the price of gold in the Egyptian market.
Gold prices today
24 karat records 3143 pounds
21 caliber costs 2750 pounds
18 karat carat costs 2357 pounds
14 karat weighs 1833 pounds
The gold pound is 22,000 pounds
Gold prices globally
Gold is witnessing weak trading during today’s session, Friday, at the end of the week, due to the American market holiday, which reduced trading volumes in the financial markets, while gold is preparing to record an increase for the second week in a row following finding support from the decline in the levels of the US dollar.
The spot gold price – at the time of writing the Gold Billion technical report – is trading at $1,993 per ounce, following recording the highest level during yesterday’s session at $1,998 per ounce, while gold is heading to record a weekly rise of 0.7% and had recorded its highest level three weeks ago during The week traded at $2007 per ounce.
Despite gold’s positive performance this week, it failed to breach the $2,000 per ounce level and stabilize above due to the current instability in market expectations regarding the future of the Federal Reserve’s monetary policy, in addition to the impact of the economic data released this week.
Gold Bellion’s analysis expected that gold would not witness strong movements during today’s session until the end of the week, as most traders are now focusing on shopping operations during the Thanksgiving and Black Friday holidays in the United States, as the American markets were closed on Thursday and will open for half the day on Friday.
With the holiday season approaching in financial markets in December, gold was unable to achieve new gains above $2,000 per ounce, as markets continued to digest the minutes of the Federal Reserve’s November meeting, which was released last Tuesday.
The minutes of the meeting showed that the bank is continuing its tight monetary policy and opening the door to a new rate hike, but the bank will move cautiously regarding monetary policy decisions that will depend on economic data.
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