witness Gold prices today in Egypt Stability at 1755 pounds per gram of 21 carat, which is the best-selling in Egypt, while the global price of gold records levels of 1924 dollars in Sunday’s trading at the time of writing these lines.
Gold prices today:
18 karat records 1495 pounds.
21 karat records 1755 pounds.
24 karat records 1994 pounds.
The gold pound records 14040 pounds.
registered gold prices Its highest level in nine months this week globally, as investors await US economic data that may affect the course of the US Federal Reserve’s monetary policy.
Most investors expect the Fed to raise interest rates by 25 basis points on January 31-February 1, as the US central bank slowed its hawkish pace to 50 basis points last month after four consecutive increases of 75 basis points, and gold may trade between the $1935 range And $1,960 until we get to the Fed event, according to Gold Billion.
The largest gold-backed exchange traded fund, up 6.27% year-to-date, was the WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), an actively managed ETF that represents a unique choice in gold investment. The GDMN Fund, which debuted In December 2021, it is unique in that it combines exposure to gold mining stocks along with gold futures contracts.
Exposure to gold futures contracts could offset some of the risks associated with the gold mining industry in general, however, gold miners are in the midst of a long-term effort to strengthen balance sheets and return more capital to shareholders.
Gold miners trade at 1.67 times price to book (P/B), representing a discount of 2.59% from the long-term average. Book value is the theoretical value of a company’s assets net of liabilities. We also believe gold miners offer returns. Attractive dividend payout, offering a dividend yield of 2.4% higher than the S&P 500.
