Islam Saeed Books
Tuesday, April 11, 2023 10:35 AM
settle down Gold price in Egypt The beginning of trading today, Tuesday, at 2160 pounds for 21 carat, while the global price of gold witnessed a decline below the level of 2000 dollars, to record an ounce today, at the time of writing these lines, 1996 dollars.
Bullion prices today
The price of a gold ingot weighing 2.5 grams recorded 6185 pounds per gram, and the price of a gold ingot weighing 5 grams reached 12370 pounds, and the price of a gold ingot weighing 10 grams reached 24740 pounds, and the price of a gold ingot weighing 20 grams reached 49480 pounds, and the price of an ounce of gold weighing 31.1 grams reached 76941 pounds. These prices do not include workmanship and tax.
Gold prices today:
21 karat records 2160 pounds.
18 karat records 1850 pounds.
24 karat records 2469 pounds.
The gold pound is 17,280 pounds.
An ounce of gold is 1996 dollars
Global gold prices starting
Gold prices declined to trade below the level of $2000 an ounce with the beginning of the week’s trading, after the better-than-expected US employment data that was issued last week, which increased the possibilities of raising interest rates by the US Federal Reserve, and this comes after gold prices rose during the past week by 2%. % and witnessed the recording of the highest level since March 2022 at $ 2032.07 an ounce, and trading settled for most of the week above the level of $ 2000 an ounce.
The government jobs report on the non-agricultural sector in the United States for the month of March showed an increase in the number of new jobs by 236 thousand jobs, compared to the previous revised reading of 326 thousand, and the unemployment rate fell to 3.5% from 3.6%, and the data contributed to the return of expectations to an increase that The Federal Reserve will resort to raising rates again at its next meeting in May, and the Fed Monitor tool showed a 63.4% probability that the bank is going to raise interest rates by 25 basis points and a 36.6% probability that it will hold interest rates, according to gold Bullion.
These possibilities led to the consolidation of the US dollar against other currencies to put negative pressure on gold and push it to trade below the level of $2000 an ounce at the beginning of the week, and the dollar index, which measures the performance of the federal currency against a basket of 6 major currencies, fluctuated during Monday’s trading near the closing levels. Last Friday, while it recorded a decline of 0.8% during the past week, which is the sixth weekly decline in a row.