Gold prices stabilized today, Sunday, in Egypt, to record a gram of 21 carat gold, which is the best-selling one in Egypt, at 858 pounds per gram, in light of the weekly holiday for the goldsmiths market and the sale and purchase of gold stopped.
Gold prices today:
Caliber 18 scored 735.5 pounds.
Caliber 21 recorded 858 pounds per gram.
Caliber 24 scored 980.5 pounds.
The gold pound is 6864 pounds.
An ounce of gold is 1940 dollars.
Gold prices witnessed a drop at the end of the trading sessions this week by 10 pounds, and this drop in gold prices at the local level came as a result of the decline in the price of an ounce of gold to 1930 dollars as a result of the wave of selling the precious metal after the Federal Reserve (the US Central Bank) raised fears that The recovery from the economic downturn caused by the outbreak of the Coronavirus is facing a course shrouded in extreme uncertainty, which has cast a shadow over risk sentiment.
Gold prices rose again in Egypt, as a result of an ounce of gold rising to 1944 dollars compared to 1930 dollars in the morning at the end of last Thursday’s trading.
On Wednesday, the Federal Reserve warned that the economic slowdown caused by the Covid-19 pandemic was facing a highly uncertain path and reiterated the need for additional fiscal stimulus.
European shares were subjected to a wave of selling in global stock markets on Thursday after the Federal Reserve indicated a long and difficult path to the recovery of the largest economy in the world.
Japanese stocks also fell at the close on Thursday, affected by Wall Street losses, after the minutes of the Federal Reserve meeting (US Central Bank) revealed that decision-makers are concerned about the uncertainty surrounding the path of economic recovery from the Corona virus pandemic.
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