The price of gold in Egypt during morning trading today, Thursday, March 14, 2024

Islam Saeed wrote

Thursday, March 14, 2024 09:00 AM

We publish a price gold In Egypt, during morning trading today, Thursday, March 14, 2024, where gold recorded remarkable stability after a clear decline yesterday, Wednesday, by about 65 pounds. In the following context, we monitor developments in gold prices.

Gold prices today:

24 karat records 3480 pounds.

21 carat costs 3045 pounds.

An 18 karat carat costs 2610 pounds.

14 karat is 2030 pounds.

The gold pound is 24,360 pounds.

Today, Thursday, the gold market is awaiting important data on the US economy related to producer prices, which is the inflation indicator related to companies and manufacturers, in addition to retail sales data and US unemployment claims. These data will have a major impact on the dollar levels and gold movements.

The recent wave of rise in the global price of gold witnessed the injection of large liquidity into the commodity futures markets, which was the reason behind the rapid and significant rise in gold, due to fears that the US stock markets would enter into correction processes in light of the recent record levels they recorded.

Also, continuing concerns about global geopolitical tensions helped demand for gold rise significantly, as markets continued to monitor attacks on Russian energy infrastructure from Ukraine, which prompted Russian President Vladimir Putin to warn the West that he was ready for a nuclear war.

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