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Gold prices registered a rise of 3 pounds in overnight transactions on Monday, to register 21 carats, which is the most popular carat in Egypt, 816 pounds a gram, after the fall of prices in the morning 4 pounds .
Gold prices today:
18 gauge: 699.40 lbs.
21 gauge: 816 lbs.
24 gauge: 932.55 lbs.
Gold pound: 6528 pounds.
World Price: $ 1864.
And the dollar was trading near a two-month high against a basket of currencies on Monday, as doubts continued about an economic recovery, ahead of a series of economic data and political developments in the United States.
The rally in US stocks last Friday helped limit the dollar’s rise, which is a safe haven, but signs of a slowdown in Walid’s recovery from the pandemic and political uncertainty kept investors cautious.
Little changed in the dollar index at 94,530, and it had hit its highest level in two months last week at 94,745. Made its biggest weekly profit since early April.
Against the Japanese currency, the dollar registered 105.36 yen and the euro $ 1.1626 after falling to $ 1.16125 on Friday, its lowest level in two months. The British pound registered 1.2797, above its lowest level in two months, which reached $ 1.2676 on Wednesday.
Investors are now looking forward to the first US presidential debate on Tuesday.
“Few will try to bet on the outcome of the election,” said Kyosuke Suzuki, director of foreign exchange at Societe Generale. They will wait at least until the television debate tomorrow. “
Elsewhere, the Turkish lira briefly fell 1.6 percent to a record low of 7.8000 against the dollar.
The fall or rise of the dollar affects gold prices as a safe haven in times of political or economic turmoil, and gold is also affected by the decline or rise in stocks.
