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Gold prices in Egypt witnessed a further fall of 3 pounds today, Wednesday, after prices fell during Monday and Tuesday to 21 pounds per gram, and the price of gold registered 827 pounds per gram of 21 karat, which is the lowest level for gold in nearly two months.
Gold prices today …
18 gauge registered 708.85 pounds per gram
21 gauge registered 827 pounds per gram
24 gauge registered 945 pounds per gram
The pound of gold is 6616 pounds
One ounce of gold is $ 1881
Globally, gold fell as the dollar rose to its highest level in more than a month, while investors remained skeptical about additional stimulus measures to support the economy that was hit by the Corona pandemic as they awaited comments from officials at the Federal Reserve (US Central Bank) this week..
The dollar index, which is also considered a safe haven, rose to a six-week high against a basket of major currencies early in the session, reducing the attractiveness of gold to holders of other currencies..
Jerome Powell, chairman of the Federal Reserve Board, told a congressional committee that the road ahead for the economy is still murky and that the US central bank will take further action if necessary..
As for the other precious metals, silver fell 1.08 percent to $ 24.46 an ounce. Platinum fell 1.55 percent to $ 867.63 an ounce.
