Raising concern.. Gold prices in Egypt and globally this morning, Sunday, July 18, 2021

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Despite the stability of gold prices in Egypt, this morning, Sunday, July 18, 2021, at the low prices that they achieved on Friday evening, in response to the decline in the price of gold globally, at that time, it raises concern among investors due to market uncertainty, especially with the spread of the mutated Corona virus. “Delta” in a number of countries and its tendency to close, at a time when the American economic data came reassuring, and experts confirm that whoever buys gold for investment has to wait a bit until visions become clear and the market direction is determined during the next few period.

And the Gold Division in Egypt announced this morning that the price of 24-carat gold is 904 pounds, and the price of 21-carat gold is the most prevalent in Egypt, 792 pounds, and 18-carat gold is at 676 pounds, and the gold pound is at 6336 pounds.

The price of gold stabilized on the global stock exchange this morning, due to the cessation of trading on gold for the second day, to close the global stock exchanges and markets for the weekend on Saturday and Sunday, after it achieved a remarkable decline just before the closure.

Gold prices were affected globally, recently by the US government data, which was announced on Friday evening, which showed an increase in the retail sales index, with its core value, by 1.3%, in the month of June, while analysts had expected a rise of 0.4%, which caused gold to drop in spot transactions by 1.5%. 0.8%, and gold futures fell by 0.9%, and in contrast, the dollar index rose by 0.1%, as they have an inverse relationship, but the move was our start due to fears of the spread of the mutated Corona virus “Delta”.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this morning, Sunday, was 800.74 pounds, while the “ounce” recorded, 1,812.36 dollars, which are the closing prices on Friday evening.

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Stability when declining.. Gold prices in Egypt and globally this morning, Saturday, July 17, 2021

Less than a month.. the price of gold in Egypt and globally this evening, Friday, July 16, 2021

It rises because of China.. the price of gold in Egypt this morning, Thursday, July 15, 2021

“It is ascending and awaiting important data” .. the price of gold in Egypt and globally on Wednesday morning, July 14, 2021

It rose due to consumer data.. the price of gold in Egypt and globally this evening, Tuesday, July 13, 2021

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“High and awaiting the return of the stock market” .. the price of gold in Egypt and globally this morning, Sunday, July 11, 2021

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Gold prices in Egypt continued, this morning, Sunday, July 11, 2021, to stabilize at the high prices that were achieved on Friday, as a result of the stability of the gold price globally, to stop trading after the closure of global stock exchanges and markets for the weekend, on Saturday and Sunday.

And the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this Sunday morning, is 897 pounds, and the price of 21-carat gold is the most prevalent in Egypt, 786 pounds, and 18-carat gold is at 674 pounds, and the gold pound is at 6280 pounds.

Global gold prices are awaiting the return of the stock market and global markets to work tomorrow, Monday morning, to determine the fate of the yellow metal, and the price of gold before closing for the weekend has achieved a remarkable rise due to the announcement of the Federal Reserve, Friday, the existence of a shortage in materials and suffocation of supply chains for a number of industries, as well as difficulties in employment. This hinders the newly recovered economic progress from the Corona virus, which sparked fear in the hearts of investors, so they turned to buying gold as a safe haven, and gold futures contracts ended the week’s trading, with an increase of 0.6%, to achieve gains for the third week in a row by 1.5%, and the price of spot gold delivery also increased by 0.4%.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this Sunday morning, recorded 798.31 pounds, while the ounce recorded 1,808.53 dollars.

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“Stability when rising” .. gold prices in Egypt and globally this morning, Saturday, July 10, 2021

“It goes up” .. the price of gold in Egypt and globally this morning, Friday, July 9, 2021

Fluctuation and decline .. the price of gold in Egypt and globally this morning, Thursday, July 8, 2021

“Stability and rise” .. the price of gold in Egypt and globally this morning, Wednesday, July 7, 2021

“A big and sudden rise” .. gold prices in Egypt and globally in the middle of trading Tuesday, July 6, 2021

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“Because of Corona’s mutations” .. a rise in gold prices in Egypt and globally this morning, Tuesday, July 6, 2021

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Gold prices in Egypt witnessed, this morning, Tuesday, July 6, 2021, a slight rise in response to the rise in the price of gold globally with the beginning of trading, and the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this morning, Tuesday, 894 pounds, And the price of 21-carat gold, the most prevalent in Egypt, is 781 pounds, 18-carat gold is at 670 pounds, and the gold pound is at 6260 pounds, and experts expect a new rise in gold locally throughout the day in response to the global rise.

And gold prices globally achieved a significant increase in the beginning of trading, achieving an increase of 1.3%, an increase of $ 22 an ounce, to breach the barrier of 1800 dollars, which it missed for some time, to reach its highest level in 3 weeks, and gold opened trading at 17787.5 dollars an ounce, while it reached It is trading at $1,806 an ounce.

The rise in gold prices is due to the increasing fears about the mutants of the Corona virus, which is sweeping many countries, in addition to conflicting data regarding the feasibility of vaccines with the new mutated corona.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this morning, Tuesday, 796.05 pounds, while the ounce recorded 1,805.82 dollars.

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“A rise with the beginning of trading” .. the price of gold in Egypt and globally this morning, Monday, July 5, 2021

The return of the stock market is awaiting.. the price of gold in Egypt and globally this morning, Sunday, July 4, 2021

Local rise.. the price of gold in Egypt and globally this evening, Saturday, July 3, 2021

Stability at a rise.. the price of gold in Egypt and globally this morning, Saturday, July 3, 2021

“Keep rising” .. the price of gold in Egypt and globally in the middle of trading today, Friday, July 2, 2021

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The lowest in 11 weeks due to a sudden drop.. the price of gold in Egypt and globally on the evening of June 29, 2021

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The price of gold witnessed, this evening, Tuesday, June 29, 2021, a sudden decline to reach its lowest level in 11 weeks, affected by the rise of the dollar, due to fears of the Federal Reserve’s tendency to tighten monetary policy and raise interest rates before the time specified before.

The yellow metal suffers from a state of instability and swings between ups and downs as traders await the new US economic data, especially the monthly jobs report.

The price of gold in Egypt has witnessed, since the morning, a successive decline, followed by a slight increase, but it is still lower than the prices achieved in the morning, and gold in Egypt is affected by international prices in light of the weak demand for it locally.

And the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this evening, Tuesday, amounted to 884 pounds, and the 21-carat most prevalent in Egypt, 774 pounds, and 18-carats 664.5 pounds, and the gold pound at 6190 pounds.

And the global price of gold witnessed, this evening, a significant decline, reaching $30 an ounce, achieving its lowest level since mid-April, due to the rise in the dollar index, which reached its highest level in two months.

Gold futures fell during the Asian session, as well as spot gold, by 1.4%, while the dollar index rose by 0.3%, with the stability of the return on US bonds, and gold is affected globally by the dollar index and the bond yield, as it has an inverse relationship with them. In light of the dollar’s strength and positive US economic data, which enhances the demand for the dollar and weakens the demand for the yellow metal, which has lost its luster in front of traders.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, on Tuesday evening, was 776.79 pounds, and in the morning it was 782.89 pounds, while the “ounce” recorded 1,761.79 dollars, and in the morning it was 1,773.74 dollars.

“Al-Masry Al-Youm” publishes gold prices on Tuesday evening, June 29, 2021, in goldsmiths’ shops in Egypt, without workmanship.

Unit The price of gold in Egyptian pounds
24 . caliber 883 to 886
22 . caliber 810 to 813
21 . caliber 773 to 775
18 . caliber 663 to 665
14 caliber 515 to 517
12 . caliber 442 to 443
ounce 27,475 to 27,546
gold pound 6,148 to 6,200
kilo 883,429 to 889,714

Average gold prices in the financial markets in Egypt and globally, Tuesday evening, June 29, 2021

M Unit Egyptian Pound American dollar
1 24 karat gold price 887.76 EGP 56.64 $
2 22 karat gold price 813.78 EGP 51.92 $
3 21 karat gold price 776.79 EGP 49.56 $
4 18 karat gold price 665.82 EGP 42.48 $
5 14 karat gold price 517.86 EGP 33.04 $
6 12 karat gold price 443.88 EGP 28.32 $
7 10 karat gold price 369.90 EGP 23.60 $
8 The price of the gold pound (weight 8 grams, 21 karat) 6,214.34 EGP 396.50 $
9 24 karat gold price per ounce 27,612.53 EGP 1,761.79 $
10 The price of the gold ingot (weight 100 grams, 24 karat) 88,776.35 EGP 5,664.29 $
11 24 karat gold price per kilo 887,763.54 EGP 56,642.86 $

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“Under pressure” .. gold prices in Egypt and globally this morning, Tuesday, June 29, 2021

It lost its luster.. the price of gold in Egypt and globally this evening, Monday, June 28, 2021

A new rise.. the price of gold in Egypt and globally this evening, Saturday, June 26, 2021

Gold price fluctuation in Egypt and globally today, Saturday, June 26, 2021 (Learn the reasons)

It rose by this value.. gold prices in Egypt and globally this morning, Friday, June 25, 2021

“Confused” .. the price of gold in Egypt and globally this morning, Thursday, June 24, 2021

Stability on the rise .. the price of gold in Egypt and globally this morning, Wednesday, June 23, 2021

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“Stability when rising” .. gold prices in Egypt and globally this morning, Sunday, June 27, 2021

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The price of gold in Egypt stabilized, this morning, Sunday, June 27, 2021, at the high prices that it achieved on Saturday evening, and gold in Egypt is witnessing a state of instability throughout the day, affected by the fluctuation of prices globally, which witnessed losses last week not seen in 11 months.

And the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this Sunday morning, is 889 pounds, and 21-carat is the most prevalent in Egypt, 777 pounds, and 18-carat is 666 pounds, and the gold pound is 6215 pounds.

While the price of gold globally, this morning, remains stable at the high prices that it achieved before closing the stock exchanges on Friday evening, for the weekend on Saturday and Sunday, after a busy day of instability.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, on Sunday morning, recorded 785.29 pounds, while the ounce recorded 1,781.29 dollars.

“Al-Masry Al-Youm” publishes gold prices this morning, Sunday, June 27, 2021, in goldsmiths’ shops in Egypt, without workmanship.

Unit The price of gold in Egyptian pounds
24 . caliber 887 to 889
22 . caliber 813 to 815
21 . caliber 776 to 778
18 . caliber 665 to 667
14 caliber 517 to 519
12 . caliber 443 to 445
ounce 27,581 to 27,652
gold pound 6,208 to 6,224
kilo 886,857 to 889,143

Average gold prices in the financial markets in Egypt and globally, this Sunday morning, June 2021

M Unit Egyptian Pound American dollar
1 24 karat gold price 897.47 EGP 57.27 $
2 22 karat gold price 822.68 EGP 52.50 $
3 21 karat gold price 785.29 EGP 50.11 $
4 18 karat gold price 673.10 EGP 42.95 $
5 14 karat gold price 523.52 EGP 33.41 $
6 12 karat gold price 448.73 EGP 28.63 $
7 10 karat gold price 373.95 EGP 23.86 $
8 The price of the gold pound (weight 8 grams, 21 karat) 6,282.29 EGP 400.89 $
9 24 karat gold price per ounce 27,914.42 EGP 1،781.29 $
10 The price of the gold ingot (weight 100 grams, 24 karat) 89,746.93 EGP 5،726.98 $
11 24 karat gold price per kilo 897,469.31 EGP 57،269.80 $

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A new rise.. the price of gold in Egypt and globally this evening, Saturday, June 26, 2021

Gold price fluctuation in Egypt and globally today, Saturday, June 26, 2021 (Learn the reasons)

It rose by this value.. gold prices in Egypt and globally this morning, Friday, June 25, 2021

“Confused” .. the price of gold in Egypt and globally this morning, Thursday, June 24, 2021

Stability on the rise .. the price of gold in Egypt and globally this morning, Wednesday, June 23, 2021

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Slight decline.. gold prices in Egypt and globally this evening, Friday, June 25, 2021

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The price of gold in Egypt witnessed, this evening, Friday, June 25, 2021, a slight decline from the prices achieved in the morning, and gold suffers from fluctuation throughout the dayaffected by global price fluctuations, amid a state of anticipation from citizens and traders.

And the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, Friday evening, is 884.5 pounds, and the 21-carat is the most prevalent in Egypt, 773.5 pounds, and 18-carat is 663 pounds, and the gold pound is at 6190 pounds.

While the price of gold globally witnessed a noticeable decline after the rise it achieved during today’s trading, as gold futures contracts fell in the New York session by 0.03%.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this evening, Friday, was 783.81 poundsAn ounce recorded $1,777.68.

“Al-Masry Al-Youm” publishes gold prices this evening, Friday, June 25, 2021, in goldsmiths’ shops in Egypt, without workmanship:

Unit The price of gold in Egyptian pounds
24 . caliber 882 to 885
22 . caliber 809 to 811
21 . caliber 772 to 774
18 . caliber 662 to 663
14 caliber 515 to 516
12 . caliber 441 to 442
ounce 27,439 to 27,510
gold pound 6.176 to 6.192
kilo 882.268 to 884.571

The average price of gold in the financial markets in Egypt and globally, this evening, Friday, June 25, 2021

M Unit Egyptian Pound American dollar
1 24 karat gold price 895.78 EGP 57.15 $
2 22 karat gold price 821.13 EGP 52.39 $
3 21 karat gold price 783.81 EGP 50.01 $
4 18 karat gold price 671.84 EGP 42.87 $
5 14 karat gold price 522.54 EGP 33.34 $
6 12 karat gold price 447.89 EGP 28.58 $
7 10 karat gold price EGP 373.24 23.81 $
8 The price of the gold pound (weight 8 grams, 21 karat) 6,270.48 EGP 400.08 $
9 24 karat gold price per ounce 27,861.97 EGP 1,777.68 $
10 The price of the gold ingot (weight 100 grams, 24 karat) 89,578.33 EGP 5,715.38 $
11 24 karat gold price per kilo 895,783.25 EGP 57,153.82 $

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“Confused” .. the price of gold in Egypt and globally this morning, Thursday, June 24, 2021

Stability on the rise.. the price of gold in Egypt and globally this morning, Wednesday, June 23, 2021

A slight rise.. the price of gold in Egypt and globally this morning, Monday, June 21, 2021

“Waiting for the return of the stock exchange” .. the price of gold in Egypt and globally on Sunday morning, June 20, 2021

“Stability when declining” .. the price of gold in Egypt and globally this morning, Saturday, June 19, 2021

A major collapse.. the price of gold in Egypt and globally this evening, Thursday, June 17, 2021

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What awaits us in the gold markets today, Thursday, June 24, 2021?

The precious metals market is awaiting today, Thursday, June 24, 2021, a number of economic reports that could affect the price of the precious metal during trading today, Thursday, in global stock exchanges and in the Egyptian market, and the following are the most important expected economic events that affect the market.

– German business climate from the Institute IFO

Monetary policy summary and interest rate decision from the Bank of England

Final reading of the gross domestic product in the United States

Weekly unemployment benefits in the United States

Yesterday, Wednesday, June 23, gold prices recorded a clear rise, after US Federal Reserve President Jerome Powell pledged to keep interest rates near zero for some time, bringing the dollar down to its lowest level in a week..

And gold is heading to rise thanks to expectations of low interest rates, which reduces the opportunity cost of acquiring the yellow metal, which does not generate returns. And gold fell 6% last week, following the monetary tightening tone of the Federal Reserve at its meeting, and its signal to raise interest rates in 2023..

In his statements, Powell reiterated his determination to encourage a “widespread and comprehensive” recovery of the labor market, and that raising interest rates would not be based solely on fears of future inflation..

In terms of other precious metals, silver rose 0.7% to $ 25.93 an ounce, and palladium increased 1.5 percent to $ 2595.96, while platinum rose 0.9% to $ 1089.16.

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What awaits us in the gold markets today, Thursday, June 24, 2021?

The precious metals market is awaiting today, Thursday, June 24, 2021, a number of economic reports that could affect the price of the precious metal during trading today, Thursday, in global stock exchanges and in the Egyptian market, and the following are the most important expected economic events that affect the market.

– German business climate from the Institute IFO

Monetary policy summary and interest rate decision from the Bank of England

Final reading of the gross domestic product in the United States

Weekly unemployment benefits in the United States

Yesterday, Wednesday, June 23, gold prices recorded a clear rise, after US Federal Reserve President Jerome Powell pledged to keep interest rates near zero for some time, bringing the dollar down to its lowest level in a week..

And gold is heading to rise thanks to expectations of low interest rates, which reduces the opportunity cost of acquiring the yellow metal, which does not generate returns. And gold fell 6% last week, following the monetary tightening tone of the Federal Reserve at its meeting, and its signal to raise interest rates in 2023..

In his statements, Powell reiterated his determination to encourage a “widespread and comprehensive” recovery of the labor market, and that raising interest rates would not be based solely on fears of future inflation..

In terms of other precious metals, silver rose 0.7% to $ 25.93 an ounce, and palladium increased 1.5 percent to $ 2595.96, while platinum rose 0.9% to $ 1089.16.

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I witnessed a sudden drop that did not happen in 8 months.. Advice on buying gold at the moment

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Naguib Naguib, a member of the Board of Directors of the Gold Division of the Federation of Chambers of Commerce, said that gold prices witnessed a sudden drop that did not occur 8 months ago.

“The reason for the drop in gold prices is that there was a meeting at the Federal International Bank on the basis of setting interest rates on stocks and bonds,” Najib added, during a telephone interview with the “Al-Masry Effendi” program on the “Al-Mehwar” channel.

He continued: “A lot of gold owners have sold tons of gold to enjoy and benefit from the high price, because the price of an ounce was more than 1,800 dollars, which led to a drop in the price of an ounce to 1770 dollars.”

He explained: “Gold owners benefited from the high price, and then bought what they sold at a low price, and the current days are the most appropriate time to buy gold after its prices declined.”

He continued, “The price of a gram of 21 karat gold has now reached 765 pounds, after it fell more than 45 pounds,” adding: “The decline that occurred is considered significant, but prices have started to rise again since yesterday.”

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5 information about the significant decline in gold prices globally and locally

During the past two days, we have witnessed a significant decline in the price of gold at the global level and in the Egyptian market, in clear proportions, and this may affect the volume of buying and selling during the next few days, and we provide the most important information about the decline in gold.

Global gold prices fell by nearly 3%.

An ounce of gold increased from 1860 dollars to 1780 dollars at the time of writing these lines.

The US Federal Reserve’s announcement of its intention to raise interest rates by 2023 caused the drop.

Gold fell in Egypt more than 20 pounds, with expectations of further decline

Experts believe that the market may fall further due to the massive selling in the markets.

The US Federal Reserve had stressed its pledge to wait for “more significant progress” before starting to switch to policies less linked to the pandemic and to wait more until the economy fully opened.

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