Gold prices recorded today, Saturday, in Egypt, an increase of 5 pounds, to record 21 karat gold, which is the most traded in Egypt, 765 pounds per gram, against the backdrop of a large increase in the price of gold globally, due to the statements made by US President Donald Trump about the sanctions imposed on China.
Gold prices in Egypt after rising ..
18 gauge 655.75 pounds per gram
Caliber 21 recorded 765 pounds per gram
Caliber 24 recorded 874 pounds per gram
The gold pound is 6120 pounds
An ounce of gold is $ 1730
Gold rose 1% on Friday, supported by continued caution from investors awaiting US President Donald Trump’s response to China’s Hong Kong National Security Law and its potential impact on the already weak global economy..
And gold rose in spot transactions 0.9% to $ 1734.60 an ounce by 1642 GMT, and US gold futures rose 1.7% to $ 1750.20 an ounce.
“The markets are now focusing heavily on the two largest economies in the world and what is likely to be a long and ongoing battle,” said Edward Moya, chief market analyst at Oanda Brokerage.
Escalating concerns about the economic impact of the Corona virus, exacerbated by the growing US-China dispute, and the consequent low global interest rates are pushing the precious metal, which is a safe haven, towards a monthly increase of 3%..
For other precious metals, silver rose 2.3% to $ 17.81 an ounce. On a monthly basis, prices increased 18.7%, the largest gain since January 2012.
Palladium rose 0.1% to $ 1933.59 an ounce, and platinum fell 0.9% to $ 830.92, but it is on track to achieve the best monthly performance since August 2019.
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