56 Days
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اليوم السابع
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Gold price on July 18 21K at 5820 pounds
Gold prices in Egypt remain stable today, with the 21-karat gold recorded at 5,820 pounds. The prices of other gold types are as follows: 24-karat at 6,651.43 pounds and 18-karat at 4,988.57 pounds. The gold pound remains steady at 46,560 pounds. Globally, gold prices are influenced by the strength of the dollar and rising treasury bond yields, which decrease its demand as a safe haven. Meanwhile, the gold ounce has fallen to approximately $4,063.70 due to pressure from rising oil prices and tensions between the United States and Iran. This situation heightens inflation concerns and leads to expectations of prolonged high interest rates. The market is experiencing limited movements amid ongoing tension over military conflicts and increased demand for safe-haven assets.
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