Gold is declining globally and locally… a surprise in prices

2023-07-10 08:03:04

Monday, July 10, 2023 | 11:02 am

The price of gold is now in the goldsmith’s shop

Gold prices declined globally, significantly during these trading moments, today, Monday, after the US jobs data last week raised doubts about the strength of the labor market, prompting investors to further doubt the path of raising interest rates in the Federal Reserve.

Important economic data

This week, the markets are awaiting the issuance of many important economic data, affecting the movement of the dollar and gold, especially the US inflation data, as this data will have a strong impact on the movements of the currency markets, especially the movements of the US dollar and gold.

Gold and the dollar now

Gold futures fell 0.25% to $1928 an ounce.

While spot contracts decreased by 0.15%, to 1923 dollars an ounce.

On the other hand, the dollar index rose 0.2% to 102,150 points.

local gold price

At the local level, gold prices fell at the beginning of trading today, Monday, and in the following lines, we publish the price of gold today.

The gold price today in Egypt

24 karat: 2,474 sold, 2,486 bought

22 carat: 2,268 sold, 2,279 bought

21 carat: 2,165 sold, 2,175 bought

18 carat: 1,856 sold, 1,864 bought

Carat: 14, selling 1,443, buying 1,450

An ounce: selling 76,950 buying 77,306

Gold Pound: Sell 17,320 Buy 17,400

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