Islam Saeed Books
Thursday, March 30, 2023 01:30 PM
Witness Price per gram of gold Today, Thursday, it moved at the beginning of trading in Egypt, bringing the price of a gram of 21 carat gold, which is the best-selling in Egypt, to 2140 pounds, despite the drop in the global price of gold to 1968 dollars per ounce.
Gold prices today:
21 karat records 2140 pounds.
18 karat records 1834 pounds.
24 karat records 2400 pounds.
The gold pound is 17,120 pounds.
An ounce of gold is 1968 dollars.
global gold market
The oscillation continues gold markets Global markets for the third consecutive day in specific ranges in light of the conflicting expectations in the financial markets regarding the future of the monetary policy of the Federal Reserve Bank in light of expectations of a recession in the US economy at the end of this year and anticipation of the global banking crisis, according to Gold Billion.
Spot gold prices are trading today, Thursday, at the level of $1968.00 an ounce, at the time of writing, as they witnessed a slight increase by 0.2% after a negative start during today’s session, with volatility dominating the movements of the gold markets.
US regulators keep repeating that the US banking system is stable, and that the crisis experienced in Silicon Valley is due to poor risk management and excessive risk taking. Especially in the absence of negative developments in the banking sector in the past two weeks, which led to the slow return of risk appetite to the markets, cost gold some of its attractiveness as a safe haven.
On the other hand, the US dollar witnessed a decline during today’s session, as the dollar index, which measures the performance of the federal currency against a basket of 6 major currencies, fell by 0.3%, to trade near its lowest level in a week.
The yield on US government bonds fluctuates. After the yield on the 10-year bond rose to a one-week high of 3.611%, it fell back to close lower, while the yield on the two-year bonds recorded a one-week high of 4.140%.
The fluctuation of yields on US government bonds fails to support the dollar, as markets are awaiting today the release of the final reading of US GDP for the fourth quarter, with expectations of a growth of 2.7%.