Gold prices that changed the precious metals exchange in the...

Gold prices that changed the precious metals exchange in the...
Gold prices that changed the precious metals exchange in the...

It has undergone many changes gold price In the global market and Egypt this week, the metal fell by more than 3%, which was reflected in the price of gold in Egypt, and there are a number of important events that affected the movement of gold, which we review in the following lines.

Monday 13th September

Federal budget

Tuesday 14th September

Reserve Bank of Australia Governor Lowe’s speech

Consumer Price Index in the United States

Wednesday 15th September

Chinese retail sales


Canada CPI

Manufacturing Index in New York State

Industrial production in the United States

US crude oil stocks

GDP in New Zealand

Thursday 16th September

Change in employment and unemployment rate in Australia

US retail sales

Philadelphia manufacturing index

Weekly unemployment benefits in the United States

Friday 17 September

UK retail sales

The final reading of the consumer price index in the euro area

The preliminary reading of consumer confidence from the University of Michigan in the United States

An ounce of gold fell from 1787 dollars on Monday, the first day in the week of trading on gold, to 1754 dollars, as the closing price of gold on Friday, to lose an ounce of gold about 33 dollars, a large number that affected local gold prices in all countries of the world, and new expectations indicate To the possibility of continuing the decline in anticipation of the US Federal Reserve meeting.

There are 3 main reasons that caused the price of gold to fall in global stock exchanges, and perhaps the most prominent of them is the noticeable rise of the dollar, which affects the cost of holding gold, and then the occurrence of large declines in gold, and the second reason is a sudden rise in retail sales during August 2021 above expected, and this pushed Gold is down, and the third reason is the rise in the benchmark US bond yield this week.

Gold prices today in Egypt, 21 karat records 771 pounds per gram, 18 karat gold prices record 661 pounds per gram, 24 karat gold prices record 881 pounds per gram, the gold pound records 6168 pounds, and an ounce of gold on global stock exchanges is 1754 dollars.

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