“Latest Gold Price Update: Decrease in Prices on May 24, 2023”
gold price.. The price of gold decreased at the close of trading today, Wednesday, May 24, 2023, by 5 pounds from its price in the middle of trading, as it had recorded 21 karat, the most traded in Egypt, at the close of trading 2390 for sale, while its price was in the middle of […]
Gold price in Egypt and on the Global Stock Exchange amid Dollar Index Rise
fell gold price A while ago in Egypt, against the backdrop of the metal’s fall on the global stock exchange, below the level of $1,970 for the ingot, which weighs 31.1 grams. According to the latest update of the gold price on the official website of the Egyptian Stock Exchange, the price of 24 karat […]
“Gold prices decline as US inflation worries increase: Analysis”
Books – Islam Saeed Tuesday, May 23, 2023 10:00 PM Since recording gold The historical high of $2080 an ounce at the beginning of this month, prices began to decline by about $107 to record an ounce of $1973, a decline of 5.1%, in light of the growing expectations that the current inflation in the […]
“Gold Prices in Egypt: Today’s Update and Fluctuations in Demand”
Islam Saeed Books Tuesday, May 23, 2023 01:34 PM We publish the latest update in gold prices Today, Tuesday, after a limited decline in the markets today, at a value of 20 pounds, a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2440 pounds per gram, after the return of demand […]
“Latest Update on Gold Prices in Egypt: 21 Karat Records 2435 Pounds per Gram”
Islam Saeed Books Monday, May 22, 2023 08:35 PM We publish the latest update in gold prices In evening trading today, Monday, a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2435 pounds per gram, after the return of demand to rise, specific to the precious metal in Egypt.. Gold prices […]
“Gold Prices in Egypt Today: 21 Karat Reaches 2400 Pounds per Gram and Egypt Exports 23 Kilos of Gold to UAE Market”
Islam Saeed Books Sunday, May 21, 2023 01:30 PM We publish the latest update in gold prices Today, Sunday, after a noticeable move in the markets yesterday, a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2400 pounds per gram, after the return of demand to rise, specific to the precious […]
“Latest Update on Gold Prices Today: 21 Karat Records 2400 Pounds”
We publish the latest update on gold prices today, Sunday, after a noticeable move in the markets yesterday, and a gram of 21 karat gold, which is the best-selling in Egypt, recorded 2400 pounds per gram, after the return of demand to rise, specific to the precious metal in Egypt. Gold prices today: 21 karat […]
UAE Central Bank’s Balance Sheet Hits Record High of AED 560 Billion in February 2023
Abu Dhabi – Mubasher: The balance sheet of the UAE Central Bank exceeded 560 billion dirhams at the end of last February, to record the highest level in its history. The UAE Central stated that its balance sheet rose during the month of February, on a monthly basis, by 0.8 percent, to reach 564.25 billion […]
Give a title to rank high in google for this content
Economy
0
The rise in gold prices amid the decline of the dollar
May 19, 2023, 10:37 a.m
gold
London – Qena
Gold prices rose today amid the decline of the dollar and continued expectations that the US central bank will continue to raise interest rates to combat inflation.
Spot gold prices rose 0.3 percent to $1963.39 an ounce, while gold futures rose 0.2 percent to $1964.60.
Despite this rise, the prices of the yellow metal are heading towards recording their largest weekly decline in three and a half months, as hopes that negotiations will reach a solution to the US government debt ceiling crisis and fading expectations of cutting interest rates by the end of the year led to a decline in gold.
The dollar index fell slightly on the day, but hovered near a two-month high, making gold more expensive for foreign investors.
As for other precious metals, the spot silver price rose 0.6 percent to $23.64 an ounce, while the platinum price rose 0.3 percent to $1052.43, while palladium increased 1.5 percent to $1474.63.
Gold is considered a hedge in times of high inflation and economic uncertainty, but high interest rates undermine the attractiveness of non-yielding bullion.
Ad space
Economy
0
The rise in gold prices amid the decline of the dollar
gold
London – Qena
Gold prices rose today amid the decline of the dollar and continued expectations that the US central bank will continue to raise interest rates to combat inflation.
Spot gold prices rose 0.3 percent to $1963.39 an ounce, while gold futures rose 0.2 percent to $1964.60.
Despite this rise, the prices of the yellow metal are heading towards recording their largest weekly decline in three and a half months, as hopes that negotiations will reach a solution to the US government debt ceiling crisis and fading expectations of cutting interest rates by the end of the year led to a decline in gold.
The dollar index fell slightly on the day, but hovered near a two-month high, making gold more expensive for foreign investors.
As for other precious metals, the spot silver price rose 0.6 percent to $23.64 an ounce, while the platinum price rose 0.3 percent to $1052.43, while palladium increased 1.5 percent to $1474.63.
Gold is considered a hedge in times of high inflation and economic uncertainty, but high interest rates undermine the attractiveness of non-yielding bullion.
Ad space
Economy 0 The rise in gold prices amid the decline of the dollar May 19, 2023, 10:37 a.m gold London – Qena Gold prices rose today amid the decline of the dollar and continued expectations that the US central bank will continue to raise interest rates to combat inflation. Spot gold prices rose 0.3 percent […]
UAE Financial Market Indices Decline Amid Expectations of Interest Rate Cuts in 2023
Muhammad Shaker – Mubasher: The UAE financial market indices declined at the end of today’s trading session, Thursday, amid expectations that interest rates will start to be cut by the third quarter of 2023. According to the data of the UAE financial markets, the Dubai Financial Market incurred losses amounting to 333 million dirhams, and […]