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Gold prices fell on Tuesday in Egypt in the goldsmiths market, for the second time, to a value of 3 pounds. The 21-carat record, which is the best-selling in Egypt, was 742 pounds per gram, with the expectation of a further decline in prices if the price of the precious metal worldwide continues to drop, which is now $ 1702. the ounce.
Gold prices today:
18 gauge: 634.25 lbs.
21 gauge: 742 lbs.
24 gauge: 845.70 lbs.
Gold Pound: 5920 pounds.
World price: $ 1702.
Gold fell nearly 1% on Tuesday as risk appetite was fueled by some countries easing restrictions related to the Corona virus, although concerns and hopes for more stimulus kept the yellow metal close to the $ 1,700 level. .
And gold fell in spot transactions 0.7% to $ 1702 an ounce (ounce) at 0701 GMT, after falling 1.4% during the session. US gold futures fell 0.4% to $ 1,716.20 an ounce, according to Reuters
Some countries, such as Italy and New Zealand, have announced measures to reduce public isolation, and more areas of the United States appear to be preparing to resume activities.
But British Prime Minister Boris Johnson said it was too dangerous to ease tough public isolation measures for fear of a second deadly wave of outbreak.
The shutdown of companies has led to a record number of 26.5 million Americans applying for unemployment benefits since mid-March, and this will likely push the unemployment rate to 16% or more in the next report.
Most Asian stocks rose, while US equity futures fell in volatile trading as oil prices fell, outperforming optimism about the reopening of specific economies.
Unlike the main competitors, the dollar rose, increasing the cost of gold for investors who own other currencies.
The Federal Reserve (the US central bank) and the European Central Bank are expected to hold their policy meetings this week, after the Bank of Japan meeting that extended the monetary stimulus on Monday and promised to buy a unspecified value of bonds to keep loan costs down.
Gold tends to benefit from generalized stimulus measures, as it is generally considered a hedge against inflation and monetary instability.
For other precious metals, palladium rose 1.1% to $ 1,945.86 an ounce, and platinum fell 0.2% to $ 756.07 an ounce, while silver fell 1.9% to $ 14.99 an ounce.
