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Metals Division Releases 21K Gold Price
The price of 21-karat gold in Egypt settled at 6,320 pounds per gram at the start of the week, after a decrease of about 30 pounds during the past week, representing a 0.5% decline. The Precious Metals Division confirmed that the decline in local demand and increased reverse sales from consumers are exerting downward pressure on prices, as gold failed to break through a resistance level at 6,400 pounds per gram. Globally, investors are awaiting movements in gold prices in response to monitoring U.S. monetary policy and dollar fluctuations, with the international gold price remaining above a key support level between $4,310 and $4,330 per ounce.
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