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Gold prices rose 5 pounds today, Thursday, in Egypt, so 21 karat gold, which is the most traded in Egypt, rose to 803 pounds a gram, following the rise in the global price of an ounce of gold $ 1837, until these lines were written.
Globally, gold rose to its highest level in more than a week, as the dollar fell to its lowest level in several years on hopes of distributing a Corona virus vaccine soon, while investors continued following the developments of the stimulus agreement in the United States.
Gold prices today in Egypt
Registered 18 gauge 688 pounds per gram
Caliber 21 registered 803 pounds per gram
24 gauge recorded 917.71 pounds
The pound of gold is 6424 pounds
An ounce of gold costs $ 1,837.
Spot gold rose 0.1% to $ 1,832.11 an ounce, after hitting its highest level since Nov. 24 at $ 1,837.01. US gold futures rose 0.3 percent to $ 1,836.20.
Republicans and Democrats in Congress failed to agree on a new package to mitigate the repercussions of the Corona virus, but there are early indications that a $ 908 billion proposal with bipartisan approval could gain momentum as a negotiating tool.
Michael Langford, chief executive of consultancy AirJade, said stimulus talks, especially those that are bipartisan, will support gold in the short term, as it will likely weaken the US dollar.
He added that optimism about a vaccine for Covid-19 may have limited impact on the yellow metal in the future, as markets have accounted for most of it.
And US health experts welcomed Britain’s emergency approval of a vaccine developed by Pfizer, in an indication that US regulatory agencies will quickly track them down.
Hopes for stimulus and progress on the vaccine brought the US dollar close to its lowest level in two and a half years, lowering the cost of gold for holders of other currencies.
For other precious metals, silver fell 0.7 percent to $ 23.94 an ounce, while platinum fell 0.3 percent to $ 1,011.72 and palladium was almost unchanged at 2,398. , $ 13.
