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Today Saturday, the price of gold registered a drop of 4 pounds, falling 21 carats, which is the main gauge in the gold market in Egypt, from 803 pounds to 799 pounds a gram, with a slight fall in the global price of gold. ounce of gold at $ 1,837.
Gold prices today
18 gauge registered 685 pounds per gram
Caliber 21 registered 799 pounds per gram
24 gauge registered 913 pounds per gram
The pound of gold is 6392 pounds
An ounce of gold costs $ 1,837.
World gold prices made their first weekly gain in four weeks yesterday as the dollar fell on rising hopes for US stimulus, and ahead of the release of US non-farm employment data, to be released. later today.
There was little change in gold in spot trading at $ 1,840.75 an ounce, and US gold futures were up 0.2% at $ 1,844.10. Gold added around 3% since the beginning of this week.
“The bullish momentum (for gold) is strong because one of the reasons is the weak dollar and prices are technically below their true level,” said Margaret Yang, an analyst at the Daily Fix, adding that the yellow metal may find strong support between $ 1,800 and $ 1,750, but Yang warned that there could be risks of falling prices if the economic recovery accelerates and inflation rises above the target, which may stimulate the Federal Reserve of States United to curb their monetary stimulus, which may strengthen the dollar, according to Reuters.
A $ 908 billion bipartisan relief plan for coronavirus relief in the United States gained momentum in the United States Congress on Thursday when conservative lawmakers showed their support.
The yellow metal also received support after Pfizer lowered its target to distribute its Covid-19 vaccine, and for other precious metals, platinum was up 0.8 percent to $ 1,037.67 an ounce and palladium was up 1. , 7% at $ 2340.32. Silver was down 0.1% to $ 24.03 an ounce, but is heading higher. 5.8% per week.
