Islam Saeed wrote
Saturday, March 23, 2024 10:41 AM
to attest gold price In Egypt, there was noticeable stability at the same price levels yesterday, Friday, and gold prices moved over the past week from levels below 3 thousand pounds to return to rising and trading at 3020 pounds for the main karat 21. In the following context, we monitor the most prominent developments in the movement of gold in the Egyptian market.
Gold prices today:
24 karat records 3451 pounds.
21 carat costs 3020 pounds.
18 karat carat costs 2589 pounds.
14 carat registers 2013 pounds.
Gold pound 24160 pounds.
The difference between gold bullets
The word “karat” refers to the percentage of pure gold in the gold piece. For example, 24 karat gold is the purest type of gold and contains 99.9% of pure gold, while 21 karat gold contains 87.5% of pure gold, and the rest is made of other metals, and finally 18 karat gold. It contains 75% pure gold, and the rest is other metals such as copper, silver and zinc
Gold on the global stock market
And he waits gold Future support from the final cut in US interest rates this year will favor gold prices later this year, as many global financial institutions set a target price for gold for the end of the year at $2,300 per ounce.
The weekly closing of gold has an impact on its trading in the short term. If gold closes the week’s trading above the level of $2200 per ounce, this will increase the chances of the price rising and recording new record levels.
While closing the price below the 2150 level is an indication of the price’s weakness and its need for a negative correction that may push it to the levels of $2100 per ounce. But most likely it may close in the region between the two levels, which will cause it to fluctuate during the coming period, while gold closed at $2165, which supports the trend of gold rising on the global stock market.
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