The price of gold in Egypt stabilized today, Sunday, in conjunction with the weekly leave of the goldsmiths market, and recorded the 21-carat, which is the best-selling in the goldsmiths market in Egypt, at 795 pounds per gram, in light of the halt in the movement of gold sales in Egypt.
Gold prices today:
18-caliber record: 681 pounds per gram.
The record number is 21 pounds: 795 pounds per gram.
Caliber 24 records: 908 pounds per gram.
Gold Pound: 6,360 pounds.
Gold Ounce: $ 1771.
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Brian Lan, Managing Director of Gold Silver Central Trading in Singapore, said, “The amount of money that governments pump supports definitely cutting gold as a safe haven, with the status of“ Covid-19 ”continuing in light of low interest rates globally, indicating that gold witnessed some profit-taking after it It almost reached the level of $ 1780 due to the dollar’s rise and stocks in general.
The dollar erased a large part of the losses it incurred this week. Asian stock markets rose, but they are heading for the close of the week with little change, while the high cases of Covid-19 were dispelled by the encouraging economic data.
The number of cases is increasing in the United States, while 9.51 million people worldwide are infected with the disease, according to a Reuters count.
Bank of Japan Governor Haruhiko Kuroda said that the second round of the effects of the pandemic may harm his country’s economy in a “significant” way, indicating the bank’s willingness to intensify the stimulus again.
Gold tends to benefit from low interest rates and stimulus measures, as it is considered a hedging instrument in the face of inflation and currency depreciation.
As for the other precious metals, palladium gained 0.3% to $ 1847.84 an ounce, but it is heading towards recording the worst weekly performance since May 1.
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