Gold prices fell today, Tuesday, in Egypt, by 4 pounds, to record 741 pounds per gram of 21 carat, which is the best-selling in Egypt, in conjunction with a decline in the price of gold ore globally.
Gold prices today ..
Caliber 18 recorded 635 pounds
Caliber 21 recorded 741 pounds
Caliber 24 record 846.85 pounds
The gold pound is 5928 pounds
An ounce of gold is $ 1700
Gold prices fell on Tuesday, as moves by some countries to ease restrictions linked to the Corona virus overshadowed concerns about deteriorating relations between the United States and China and reduced demand for the metal, which is considered a safe haven.
And gold fell in spot transactions 0.1 percent to 1700.14 dollars an ounce (ounce). In the United States, futures fell 0.4 percent to $ 1706.10.
Italy and the United States joined a group of countries that eased isolation measures on Monday to revive their economies.
However, investors remain concerned about the escalation of tensions between China and the United States after President Donald Trump threatened new fees to China because of its handling of the outbreak.
Gold, which is already an alternative during times of political and economic crises, rose 18 percent last year as a result of a tariff war and lower interest rates in the United States.
Gold also gained 12 percent since the beginning of the year, with the Federal Reserve keeping the interest rates near zero and pumping trillions as urgent financing for financial markets in the United States. Central banks and other countries have adopted similar measures to stimulate economies affected by the virus.
Regarding other precious metals, palladium rose 0.6 percent to $ 1858.91 an ounce, while platinum lost 0.3 percent to $ 763.56 and silver fell 0.4 percent to $ 14.77.
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