Gold prices fell a while ago in the Egyptian market by about 8 pounds, after the global price of the yellow metal fell to levels of 1889 dollars per ounce, and 21 karat gold, which is the best-selling in Egypt, went down from 835 to 827 pounds per gram at the time of drafting these lines.
Gold prices today..
18 karat gold record 709 pounds.
21 karat gold recorded 827 pounds.
24 karat gold recorded 945 pounds
The gold pound is 6616 pounds
The movement of gold is still volatile, after recording yesterday the highest levels in almost a year, as the price of an ounce of gold in some trading sessions reached 1970 dollars, gold returned to decline at the close of trading yesterday, to descend to levels of 1888 dollars, while the scene of the Ukrainian-Russian war remained dominant, as Demand for gold and other safe havens is back on the rise.
The precious metals gave up its morning gains and turned lower, as gold fell 1% to $ 1888 an ounce, after it rose early in the session by about 3.4% to levels of $ 1971.54 an ounce, the highest level since September 2020, and US gold futures rose 2.4% to 1956 dollars an ounce, with Russia declaring war on Ukraine at dawn on Thursday, February 24.
Palladium led the precious metals’ gains as fears escalated in the wake of Russia’s invasion of Ukraine that a war in Europe could erupt, prompting investors to shy away from risky assets and seek safe havens..
Where palladium jumped more than 7% to $ 2665.99 an ounce, its highest level since August last year, before giving up its gains and returning to the red zone with the conclusion of trading Thursday..
Are these price levels fixed or continuous?.. The acceleration of events in the markets makes the prices of stocks, gold, currencies and oil constantly change, so the news advises against speculating now because of the possibility of exposure to loss..