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اليوم السابع
Gold price forecast August 24
Gold prices in Egypt today remained stable despite the rise in global gold prices, with a focus on the 21-karat grade, which recorded around 6,600 Egyptian pounds—near its highest level in three months—supported by strong global gold markets and dollar movements. The price of 24-karat gold reached approximately 7,536 pounds, 18-karat gold around 5,664 pounds, and the sovereign (guilder) gold was approximately 52,800 pounds. Short-term trends depend on the stability of the 21-karat gold price above the 6,600-pound level, which is considered a crucial support point above the important 6,500-pound level. The market is likely to continue its upward movement if it manages to stay above 6,600 pounds, whereas declines below 6,500 pounds could lead to a temporary correction. The market is closely monitoring global economic data and dollar movements to gain clearer insights into the gold price trend in the upcoming period.
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