Extended coverage of “Seventh Day TV”, highlighted the latest developments in gold prices, which continued to rise for the second week in a row, and gold today recorded an increase in Egypt by 10 pounds, against the backdrop of the high price of gold ounces globally to the highest level in more than 9 years.
He recorded 18 karat 720 pounds per gram, 21 karat record 840 pounds per gram, and the price of 24 karat reached 960 pounds per gram and the value of the gold pound reached 6720 pounds.
In exclusive statements to “The Seventh Day Television,” Wasfi Wasef, head of the gold division of the Federation of Chambers of Commerce, stressed that the high price of gold is not only local in Egypt but also global, referring to the reasons for the decline in the global economy in light of the Corona crisis.
Wasef added: “Prices will continue to rise as long as the Corona crisis is present, and this rise will only stop with the acquisition of the Corona vaccine.”
Wasef advised citizens to acquire gold instead of financial liquidity, expecting the continuation of the rise during the coming period, advising everyone who owns the gold to keep it .. and who does not have it to buy, to take advantage of the high prices in the future.
And gold prices were recorded throughout the current week, great increases at the global level, which was reflected in the prices in Egypt, to record historical levels in the goldsmiths market, the following are the main reasons that led to the high price of gold at the global and local levels.
The Nikkei fell 0.40% in Tokyo.
Oil prices decrease with growing American stocks.
–Europe shares fell from the highest level in 4 months
Continued concerns about the inability to control the Coronavirus
A big trend for investors to get rid of the dollar and buy safe havens.
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