2023-08-30 23:51:35
Thursday 31/Aug/2023 – 02:48 AM
Gold prices stabilized in Egypt this morning, Thursday, August 31, 2023, following a record rise in the global price of the precious metal to the highest level in about a month, but the price in Egypt has stabilized despite these severe fluctuations.
Gold prices in Egypt today
The price of a gram of 21 karat gold in Egypt today
The price of a gram of 21 carat gold was about 2210 pounds.
The price of 24 karat gold in Egypt today
The price of a gram of 24 karat gold recorded about 2526 pounds.
The price of 18 karat gold in Egypt today
The price of a gram of 18 carat gold recorded about 1894 pounds.
The price of the gold pound in Egypt today
The price of the gold pound recorded about 17,680 pounds.
The global price of gold
The price of an ounce globally recorded about 1973 dollars in futures contracts.
Gold prices in Egypt witnessed a trading session dominated by fluctuations greatly yesterday, Wednesday, in light of the lack of clarity in the current direction of gold and its failure to follow the movements of the global gold price.
Gold prices witnessed a significant increase during yesterday’s trading, to record their highest levels in nearly 4 weeks, in light of a decline in the levels of the US dollar and US Treasury bond yields after weaker-than-expected data on the employment sector and consumer confidence, which increased expectations that the Federal Bank may not resort to any measures. Raise interest again.
The dollar index fell yesterday by 0.5% after the negative data issued by the United States, while the start was strong for the US dollar at the beginning of yesterday’s session after news that the Federal Deposit Insurance Corporation announced new, stricter rules regarding regional banks to ensure safety from exposure to one These banks to go bankrupt without affecting the banking sector, so that the Silicon Valley bank crisis does not happen again.
However, the markets quickly ignored this news, and the focus returned to the economic data that pushed the dollar to its lowest level in three sessions, and today the dollar index recovered again by 0.1%.
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