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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“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 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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With strong gains, will gold steal the spotlight from the dollar?

For the second week in a row, gold managed to catch its breath and record good weekly gains with the losses chasing the US dollar against the global basket of currencies.

The yellow metal futures ended the week’s trading up 0.6%, at the level of $ 1810.6 an ounce, achieving gains for the third consecutive week by 1.5%. The spot price of gold also increased by 0.4% at the level of $ 1810.5 an ounce.

The precious metal’s gains come with the US dollar heading for losses against a basket of global currencies, as the green US dollar fell against the euro by 0.2%, recording $1.1872. The US dollar also fell against the British pound by 0.7% at the level of $1.3878. The dollar rose against the Japanese yen by more than 0.4% at the level of 110.200 yen.

The Federal Reserve had recently stressed the need for the United States to be prepared in the event of significant inflation or other economic risks. The minutes revealed division over the view of inflation risks, given the relatively high unemployment rates, with estimates that the US central bank could cut asset purchases earlier than expected. And he indicated that the opinion of the majority of officials is that the risks of inflation tend to the upward direction.

The US Federal Reserve Chairman, Jerome Powell, stressed that a decision will not be taken to raise interest rates too quickly because of fears of an increase in the rate of inflation. “We will not preemptively raise interest rates because we fear potential inflation,” he said during a hearing before Congress. “We will look for evidence of actual inflation or other economic imbalances.”

According to a recent report by the World Gold Council, about a third of the global production of the precious metal during the past year, equivalent to about 29.5%, came from three countries, namely China, with a share of 10.6%, equivalent to about 368.3 tons, and then Russia, with a share of 9.5%, equivalent to about 331.1 tons, Then Australia, with a share of about 9.4%, equivalent to about 327.8 tons.

In fourth place, the United States of America came with a production volume of about 190.2 tons. Canada ranked fifth with a production volume of about 170.6 tons, followed by Ghana in sixth place, with a production volume of about 138.7 tons.

In seventh place, Brazil came with a production volume of about 107 tons, and in eighth and ninth place globally came Mexico and Uzbekistan with a production of 101.6 tons each. And in the tenth and last place, Indonesia came in with a production volume of about 100 tons during the year 2020.

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Midday update for gold 07-07-2021

Gold price resumes the positive trading in an attempt to move away from the 1797.00 level, which supports the continuation of our bullish trend expectations for today, motivated by the current positivity of stochastic, relying on stability above the mentioned level, reminding you that our next main target is at 1825.15.

The expected trading range for today is between the support 1785.00 and the resistance 1825.00

The forecast trend for today: bullish

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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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Midday update for gold 30-06-2021

Gold price shows new negative trades to move away from the 1770.00 level, to keep the bearish trend scenario valid and effective for today, supported by the negative pressure formed by the EMA50, waiting to visit the 1734.10 level as a next target, reminding you of the importance of holding below 1800.00 to continue the expected bearish trend.

The expected trading range for today is between the support 1740.00 and the resistance 1775.00

The forecast general trend for today: Bearish

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Gold confirms the break – analysis

Gold price succeeded in breaking the 1770.00 level and consolidating with a daily closing below it, which supports the continuation of our bearish expectations on the intraday and short term, and the way is open to heading towards our next target that reaches 1734.10.

The moving average 50 supports the suggested bearish wave, which will remain valid and effective unless the 1770.00 level is breached and stability above it, as breaching it will push the price to visit the 1800.00 areas before any new attempt to decline.

The expected trading range for today is between the support 1740.00 and the resistance 1775.00

The forecast general trend for today: Bearish

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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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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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Börse Express – interim conclusion 2021 – and investor questions about corona, inflation & Co (Jens Ehrhardt)

Dr. Ehrhardt, first a look back: When the Covid pandemic broke out, you predicted a DAX level of 16,000 points for spring 2021. Did you just have a good glass ball?

No – and I’m not really a fan of fixed course targets. But in this case we had such an extraordinary monetary and fiscal policy situation that I thought we had to set an example. Because I’ve never seen before that the economy is boosted so strongly, especially from the monetary side. If a lot of money is printed suddenly, it has an immediate impact, especially on the stock markets. That is why I boldly set my sights on this very optimistic goal at the time.

Now we are almost there. Logical follow-up question: Where do we stand in the next few months?

I don’t expect a bear market, even though the best time of the year is probably behind us. Many investors have already invested; the fund managers’ cash holdings are only 3.9 percent according to the latest survey. A short-term correction is therefore possible. In the medium term, however, we should move in an upward trend, albeit a flatter one – with fiscal policy providing further tailwind. I hope that in Europe the focus will continue to be on fiscal stimulus and that the “black zero” will not be brought out again, especially in Germany. Because excessive fiscal restraint has not proven its worth in the past.

How big is the risk that we will get a bigger correction in the stock market?

That would be possible if the central banks began to slow down sharply. After the recent discussions by the US Federal Reserve, however, I think it has been understood that a 180-degree turn in monetary policy can damage the economy and the stock market – and will therefore be very careful. Of course, investors are already heavily invested, and there is also great optimism on the options market, but in my opinion there is still no clear background for a real bear market.

Earning money on the stock market doesn’t seem as easy as it did last year. Is this the active manager’s time?

Even if it sounds like a pro domo argument, it has been apparent for some time that active fund managers are doing better than index-based solutions such as exchange-traded funds (ETFs). Active managers beat the index by 70 percent in May. Why is that? Last year we saw that a very small number of large tech stocks from the US initially pulled the index up. Active managers are usually only allowed to invest a limited part of the fund’s assets in individual stocks. That’s why they couldn’t keep up. From November at the latest, however, the upswing took place on a broad front. There were numerous opportunities for active management, for example from a technical or valuation point of view, while passive investors were mainly invested in a few index heavyweights. I think that the stock pickers will be able to use their opportunities in the further course of the year and get some return.

The majority of the Fed is currently assuming the first interest rate hikes in 2023. Is it going to happen?

The market has recently reacted as if the 2023 rate hike was a done deal. If you listen carefully, however, Fed Chairman Jerome Powell has recently always emphasized the flexibility of monetary policy. Jobs come first, he keeps saying – and inflation comes in the second sentence. The US government is more worker-friendly than it used to be, and those responsible will be careful not to overdo it too quickly. I have not yet decided whether the interest rate hikes will come as expected.

US Treasury bond yields have been falling since April, while consumer and producer price increases have regularly exceeded expectations. How do you explain that?

If the bond market tends to be positive despite the sharp rise in inflation, this shows that investors there are apparently more skeptical of the economic outlook than many equity investors. But there are also special factors. For example, the US Treasury Department has done quantitative easing on a historic scale, over hundreds of billions of dollars – and that money needs to be invested. It is up to the banks, who mainly buy bonds. Once the money is out, the bond market could weaken again. Overall, the signals from the bond market are not enough for me to conclude that the US economy is weaker.

Do you think inflation will rise permanently?

In the short term, some negative inflation surprises are still possible. However, the situation could improve significantly over the next one to two years. We currently have goods inflation due to numerous bottlenecks. The market economy is so flexible, however, that when prices rise, production can rise quickly and goods prices go down again. In the long run, you might have to watch service inflation. But here too there is, for example, a huge untapped workforce in the USA, which could also keep service inflation within limits.

What’s next for the gold asset class?

I’m actually a huge gold fan. Because: The printing of money is a global long-term trend, and gold should benefit from it – especially when real interest rates are low. At the moment I’m still rather cautious, because gold production is increasing and more scrap gold is coming onto the market. In addition, insecure investors bought a lot of gold in the past year, especially in the form of ETFs, while traditional buyers, for example from India and China, have held back. ETF buyers are more likely to sell again as share prices rise, which would depress the price of gold. Chart technology also suggests a more cautious stance on gold.

In which direction is the US dollar going?

It is difficult to make a clear statement because there are opposing influences. In terms of purchasing power, the US dollar is overvalued, and the very high trade balance and national deficits in the US also suggest a weak US dollar. On the other hand, there are currently many dollar pessimists on the market – the US dollar is heavily shortened, which should support it in terms of market technology. In addition, money mostly flows into the country where the economy is doing best, and as the Americans continue to stimulate monetary and fiscal policy strongly, the US dollar will get a tailwind as a result. Overall, I expect the upside forces could prevail in the short term, while the US dollar will weaken against stable currencies such as the yen over the long term.

Which region do you prefer in the world?

Europe seems interesting at the moment. A lot has happened in terms of fiscal policy in Europe. Countries like Italy or France are spending more money, which makes sense in times of crisis and gives the region a tailwind. And since European stocks are often significantly cheaper than comparable US stocks, more funds should flow into the region. I also see the USA positively, even if market-technical exaggerations could lead to setbacks here. I would least overweight Asia. The Chinese money supply has risen relatively little for some time, and the excess liquidity is practically zero. In other words: There is no additional money going to the stock exchange. This also rubs off heavily on the environment, such as South Korea and Taiwan, and ultimately also on Japan, for which China is now the most important export market.

What about the sectors – value, technology, or both?

Today there are still some good tech values ​​that not only show decent growth, but are also valued quite sensibly. On the other hand, in the value area we have stocks with reasonable valuations that are “underowned”, in which we have not yet massively invested. You don’t see total overheating in any area, value and tech can both be interesting – in the end you have to look at the individual titles, i.e. do stock picking, in order to be successful.

What does the current market situation mean for your dividend strategy?

I think dividends tend to be underestimated. Dividend stocks are a very good alternative to corporate and government bonds, especially in times when fixed-income bonds bring almost no interest. I also see the area better armed against unexpected negative monetary or geopolitical events. Defensive dividend stocks can offer shareholders relatively safe growth with less volatility and therefore remain interesting as a portfolio focus.

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