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Gold prices fell in today’s operations, Friday, February 26, 2021, to a value of 6 pounds, and 21 karat gold, which is the best-selling in Egypt, obtained 776 pounds per gram, with the global price of an ounce of gold continues to drop significantly to $ 1,760, the lowest price of the precious metal in the world for almost 4 months.
Gold prices today
21 gauge registers 776 pounds
18 gauge registers 665 pounds
24 gauge registers 886 pounds
The pound of gold registers 6208 pounds
One ounce of gold is $ 1760
European stocks also fell as rising bond yields and US market volatility overshadowed optimism about the recovery of the euro zone economy, while weak results from Standard Chartered and Anheuser-Bush cast shadows. .
The pan-European STOXX 600 Index fell 0.4 percent after a 0.5 percent gain, as major equity sectors were negatively affected by a jump in euro zone bond yields and United States, due to expectations of higher inflation rates.
Economic confidence in the euro zone rose more than expected in February, supported by a state of optimism in the manufacturing and services sectors and among consumers, which boosted inflation expectations that boosted bond yields in recent weeks. .
Analysts at Rapoo Bank said: “Concern about renewed inflation has strengthened, as a sign of the strong and steady rise in US Treasury yields and the emerging popularity of inflation hedging tools such as raw materials”.
