The high price of gold in Egypt is one pound .. 21 carat records 691 pounds per gram

The price of gold in Egypt rose today, Tuesday, for the second day in a row, by one pound today, in light of the rise in the price of gold globally to 1588 in conjunction with the continued investor fears of the spread of the Corona virus and its impact on the movement of markets globally, and the high demand for safe havens in Egypt.

Gold in Egypt:

18-carat record 591 pounds.
Caliber 21 recorded 690 pounds.
Caliber 24 recorded 788 pounds.
Gold Pound: 5520 pounds.
Gold Ounce: $ 1588.

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Gold prices rose to their highest levels in two weeks on Tuesday, stimulated by the demand for safe havens after a warning from Apple about revenue, highlighting the financial implications of the Corona virus in China.

By 0717 GMT, the spot price of gold was 0.4 percent higher at $ 1,586.93 an ounce. Earlier in the session, the metal touched its peak since February 3 at $ 1,587.40.

US gold futures advanced 0.2 percent to $ 1,590.

“The Asia-Pacific markets have opened up to a broad decline,” said Margaret Yangyan, market analyst at CMC Markets. Investors are currently deeply concerned about the economic impact of the Corona virus, as well as its impact on corporate confidence and consumer demand. ”

Apple has lowered its first-quarter revenue forecast due to Chinese disruptions caused by the virus and reduced demand from the Chinese market, which, according to Margaret, has led to a risk aversion.

Apple is one of the largest western companies that will be negatively affected by the outbreak. In other precious metals, palladium settled at $ 2522.79 an ounce in spot transactions, after approaching a month’s peak of $ 2538.25 earlier in the session.

Silver increased 0.6% to 17.86 dollars, while platinum rose 0.5% to record 973.49 dollars an ounce.

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