[ad_1]
Gold prices fell 5 pounds today, Friday, as the 21-karat gold gram, which is the best-selling in Egypt, registered 850 pounds per gram, and an ounce of gold fell to $ 1,948.
gold prices ..
18 gauge: 728.5 pounds
21 gauge: 850 pounds
24 gauge: 971.5 pounds
Gold pound: 6840 pounds
World Price: $ 1962
Locally, gold rose 5 pounds on Thursday morning, bringing the total rise in gold prices over the course of Thursday’s trading to 7 pounds.
The latest report of the movement of gold sales in Egypt revealed that it fell to 40%, according to the Precious Metals Division, with sales of 21 carats recovering to a limited extent as gold prices stabilized in the range of 841 to 848 pounds during the first trading week of September.
Globally, gold continued to fluctuate between $ 1910 and $ 1940 an ounce, as gold benefited from the return in demand to buy in the closing sessions of last week, so an ounce rose more than $ 15 in its lower due to the strength of the dollar and investors’ optimism about the return of the US economy to recovery, especially after the release of US labor market data. For the month of August
An ounce of gold fell to $ 1909 yesterday morning, but rose again, approaching 1940 dollars, amid an attractive shopping environment and high demand for safe havens.
The general outlook for gold has now changed, after the ounce stabilized above $ 1920 since the start of the Rally of Rises and what happens to an ounce is not an accident that can disappear with the disappearance of the influencer and that the current rises express the true value of gold, and even with the strength of the dollar or the end of the Corona crisis, the demand for gold will continue. It is high and will not give up ownership of gold, whether from individuals or mutual funds, according to Reuters.
