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Gold prices today in Egypt witnessed an unprecedented drop in the price of gold today in Egypt after the global gold price collapsed, falling below $ 1700, and gold prices were unable to stay above that price for a long time, and it soon fell below that price.
Today, gold prices in Egypt witnessed an unprecedented historical decline, and the decline is expected to continue at least until the start of trading on Tuesday, March 9, 2021.
Today’s 24-karat gold price in Egypt is 852 pounds, compared to 861 pounds in the morning.
The price of 21 karat gold in Egypt today is 745 pounds, compared to 753 pounds in the morning.
The price of a gram of 18-karat gold in Egypt today is 638 pounds, compared to 645 pounds in the morning.
The price of a pound of gold in Egypt today is 5,984 pounds, compared to 6,016 in the morning.
The reason for the global drop in gold prices is due to the announcement by the United States House of Representatives of the approval of the US stimulus package called by US President Joe Biden during the session on Tuesday 3-9-2021.
The value of the stimulus package is $ 1.9 trillion to provide assistance to Americans in coping with the circumstances of the emerging corona virus, and Democrats hope to approve the stimulus package for the president of the United States to sign before the next Sunday, when the unemployment assistance program. ends.
The stimulus bill provides a $ 300 weekly grant that lasts through Sept. 6 and provides rental assistance, funds to distribute the Corona vaccine, and direct money to local governments in the United States.
Gold prices are expected to continue falling today and tomorrow, at least until the House of Representatives meets to pass the stimulus package, and the decline will continue if the stimulus package passes without substantial devaluation.
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Also read to compare:
The price of gold today, Monday 3-8-2021 morning
The price of gold today in Egypt, Monday 3-8-2021 (update)
The price of gold in Egypt is Sunday 7-3-2021
The price of gold in Egypt is Saturday 3-6-2021
The price of gold in Saudi Arabia today, Monday 03/08/2021
The price of gold in Saudi Arabia yesterday, Sunday 7-3-2021
The price of gold in Saudi Arabia, Saturday 6-3-2021
Gold Price Today in Egypt
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The situation in Egypt
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Injuries
185,922
-
Recovered
143,575
-
Mortality
10,954
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The situation in the world
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Injuries
117,054,168
-
Recovered
92,630,474
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Mortality
2,598,834
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