rose gold prices In Egypt, at a value of two pounds today, Saturday, after the price of an ounce of gold rose at the end of trading this week, yesterday, Friday, by $8, to record an ounce of gold at $1904.
Gold prices today in Egypt:
Carat 18 recorded 700 pounds per gram.
21 carat record 816 pounds per gram.
24 carat record 933 pounds per gram.
The gold pound is 6528 pounds.
An ounce of gold is 1904 dollars.
and succeeded gold In changing its direction, to rise at the close of trading on Friday, May 28, surpassing the important level of 1900 dollars, after data showed that consumer prices in the United States rose in April, which strengthened the attractiveness of the metal as a hedge against inflation.
The metal is on track to gain for the fourth consecutive week, up 1%. US gold futures increased 0.2%, recording $1,901.60 an ounce.
Consumer prices in the United States accelerated on an annual basis last April, and an indicator of core inflation exceeded the 2% level targeted by the Federal Reserve.
In other precious metals, silver fell 0.3% to $27.79 an ounce, platinum fell 0.5% to $1,174.09, while palladium rose 0.5% to $2820.16 an ounce.