Contrast in gold prices in Egypt due to the dollar and...

Contrast in gold prices in Egypt due to the dollar and...
Contrast in gold prices in Egypt due to the dollar and...
The past week of the gold market witnessed a noticeable rise in prices at the end of the week, as gold rose from Wednesday to Saturday at a value of 18 pounds per gram, after the price of a gram of 21 carat gold, which is the most popular in the goldsmiths market, rose from 820 to 838 pounds per gram at the close of transactions.

The price of gold throughout the week witnessed a state of stability at 833 pounds per gram over the course of Monday and Tuesday, then took a way to decline, recording 827 pounds on Wednesday morning, then fell to 820 pounds at the close of the trading on Wednesday 7 October, due to the decline in international gold prices, to below 1900 Dollar, as a result of the good performance of the American currency.

With the return of the dollar to decline due to the state of weakness in the performance of the markets, the demand for safe havens increased again, and gold rose 1.5%, heading towards achieving the second consecutive weekly gain, as the attractiveness of the yellow metal increased as a hedge against inflation, due to renewed optimism about a new US aid package to mitigate From the repercussions of the Corona virus.

The goldsmiths market in Egypt witnessed a recovery in demand for gold, with prices falling below 820 pounds per gram, but traders said that the recovery in gold sales will be temporary with expectations of a poor performance in terms of sales this year.

These were the details of the news Contrast in gold prices in Egypt due to the dollar and... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Japanese PM to address US Congress on April 11
NEXT Italy foreign minister urges ‘immediate ceasefire’ in Gaza