Gold prices fell by 1.6% on the global stock exchange during the trading week ending on Friday evening, in light of the rise in the dollar and the growing expectations of the US Federal Reserve raising interest rates, but hints by Jerome Powell, Chairman of the Federal Reserve on Friday evening, of the possibility of stopping raising interest rates as a result of the suffering of the banking sector, limited the losses. The yellow metal at the end of the week’s trading, according to the market research department of the “Egypt Gold” company.
Gold prices fell
Fadi Kamel, CEO of Egypt’s Gold Trading Company, said that gold prices fell by $32 in global markets during last week’s trading, as the ounce recorded at the beginning of the week’s trading about $2010, touched the $2020 level, and fell to the $1950 level, and the trading concluded. Friday evening at $ 1978.
And Kamel explained, in a statement, that gold prices rose by 100 pounds in the local markets during today’s trading, Saturday, as a gram of 21 carat gold opened today’s trading at 2.3 thousand pounds, and rose to 2425 thousand pounds, and closed today’s trading at 2.4 thousand pounds.
gold prices
He added that a gram of 24 karat gold is trading at a price of 2743 pounds, a gram of 21 karat gold has recorded 2.4 thousand pounds, a gram of 18 karat gold is trading at a price of 2.057 thousand pounds, and a gram of 14 karat gold is trading at a price of 1.6 thousand pounds, and the price of a gold pound is about 19.2 Thousand pounds.
