In goldsmiths .. Gold prices today, Wednesday, February 5, 2020

Today, Tuesday 4 February 2020, the goldsmith’s shops witnessed a noticeable stability in the price of gold. The gram of 21 carat gold recorded 692 pounds today, after the global price of an ounce fell yesterday, and the global price of gold decreased significantly, after Britain left the union European and European stocks rose slightly.

However, the fear of the spread of the Corona virus, which started in China recently, is still affecting the market, and Britain last Friday ended years of political and financial uncertainty, by leaving the European Union, and the British leading stock index rose by 0.2%, but the expected economic repercussions on The spread of the Corona Virus has caused a drop in purchasing.

Also, Chinese stocks have ended with the opening on Monday, and according to the report of the World Gold Council, the demand for gold during 2019 has decreased significantly, with high prices, as the price of gold increased by 19%, reaching its highest level since 2013, before this decline Prices near the end of last year, amid convergence of views between China and the United States of America.

Investors consider gold as a safe haven in misty times, economic or political, and demand for gold rises with lower interest rates, and according to Alistair Hoyt’s statements, the price of gold is expected to continue its movement during 2020, with investors and central banks expecting to buy gold.

In the last report of the Council, the total volume of demand for gold last year amounted to 4355.7 tons, a decline of 1% compared to demand in 2018, and concluded last year with a weak demand for gold, where demand declined during the period from October to December 2019 by 19%, compared to The volume of demand increased in the same period in 2018, while global supply increased by 2%, according to data published by Reuters.

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The price of gold today

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