Large groups are interested in gold prices and their fluctuations, and gold has witnessed a state of hesitation between high and low during the recent period, which is of course confusing for those who are about to buy gold in terms of buying so that it does not rise again or wait for it to decline.
As for the recent prices of gold, we monitor you from the Plus content the prices of gold during the last transactions, as it witnessed a slight increase of 3 pounds in the goldsmiths market, and with this, the gold price of the 21 most sold and traded in Egypt rose from 777 pounds to 780 pounds per gram, and we show you the gold prices perfect:
24 karat gold today
The price of 24 karat gold ranges between 889 and 891 pounds.
21 karat gold today
The price of 21 carat gold ranged between 778 and 780 pounds.
18 karat gold today
The price of 18 karat gold varied between 667 and 669 pounds.
The price of the pound of gold today
The price of the gold pound ranged between 6224 and 6240 pounds.
The relationship of gold to the dollar … and upcoming expectations
It is worth noting that gold prices had fallen by 2% last week, and this came in conjunction with better than expected data on corporate activity in the United States and optimism about progress in vaccines to prevent Covid-19 disease, which boosted hopes for a faster economic recovery and pushed investors to move towards High risk assets.
It is known that gold is affected by the strength or weakness of the dollar due to the inverse relationship between the two parties, as the rise in the dollar pushes gold down, and the opposite is true.
Naguib Club, who is the Secretary of the Gold Division, said that the successive increases and declines in gold prices during the past few days were caused by the speculation process, meaning that speculators went to buy, which leads to an increase in its price, and it is expected that gold prices will witness a new rise in the coming days, to achieve 2000 Dollars an ounce.
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