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Gold prices stabilized today, Wednesday, December 16, 2020, after a significant increase on Tuesday night, and 21 karat gold, which is the most traded and sold on the goldsmith market in Egypt, is recorded at 810 pounds per gram.
Gold prices today in Egypt.
18 gauge recorded 694 pounds
Caliber 21 registered 810 pounds
24 gauge recorded 926 pounds
The pound of gold is 6484 pounds
One ounce of gold is $ 1854
Globally, gold prices rose to the highest level in a week today, Wednesday, as the yellow metal built on a rise from the previous session on hopes of more US stimulus, while investors waited the US Federal Reserve’s policy decision..
Spot gold rose 0.1 percent to $ 1,854.51 an ounce, after hitting its highest level since Dec. 9 at $ 1,858.13. US gold futures rose 0.2 percent to $ 1,859.60.
“Markets just yearn for anything in terms of the US stimulus package and the news that the two rivals (Republican and Democrat) reached a near-deal last night raised inflation expectations slightly, which is good for gold,” he said Kyle Roda, an analyst at IG Market.“.
Investors are now awaiting the latest policy statement for this year issued by the Federal Reserve (the US Central Bank), which is scheduled to launch at 1900 GMT, as the council is expected to keep interest rates at zero..
Many analysts are expecting new indicative forecasts for how long the board will maintain its massive bond buying program.
