Wednesday 27/November/2024 – 03:11 AM
Gold prices stabilized in Egypt today, after a series of rises for the metal globally on the impact of the US interest rate cut, which will enhance… The global rise of the precious metalAccording to the gold price lists in the Federation of Chambers of Commerce.
Gold prices today in Egypt
Price of a gram of 24 karat gold
The price of 24 karat gold was about 4171 pounds.
Price of a gram of 21 carat gold
The price of a gram of 21 carat gold was about 3,650 pounds.
18 karat gold price
The price of 18 karat gold was about 3129 pounds.
The price of the gold pound in Egypt
The price of the gold pound recorded about 29,200 pounds.
Gold price globally
The global price of an ounce reached $2,631.
Technical analyzes revealed that gold prices on the global stock market are witnessing a state of relative stability, following an intense wave of selling, exceeding 3.3% during yesterday’s trading, due to profit-taking operations, following the decision to choose Scott Besant as US Secretary of the Treasury, and reaching a ceasefire agreement between Lebanon and the Israeli occupation forces. .
The analyzes added that the news of the ceasefire decision reduced geopolitical concerns in the Middle East region, and had a negative impact on gold, while halting flows towards safe havens, according to Gold Billion.
Gold prices also witnessed a state of decline at the beginning of Tuesday’s trading before stabilizing, due to President-elect Donald Trump’s threats to impose customs duties of 25% on Mexico and Canada, and an additional 10% to the 60% that he had already announced in his election campaign on China.
