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المصري اليوم
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Gold Price Surges to New High
Gold prices worldwide today (Friday) increased by 1.1% to reach $4,223.49 per ounce, following a decline in concerns about U.S. interest rate hikes after data showing a slowdown in U.S. job growth. Despite this, Treasury yields and a strong dollar put pressure on the metal. However, U.S. gold futures rose by 1.2% to $4,254.10. Since the start of the U.S.-Israeli war with Iran, gold has decreased by approximately 20%. Locally, the gold price rose by 20 Egyptian pounds, with 21-karat gold reaching 6,170 pounds, with the highest recorded price at 6,200 pounds and the lowest at 6,140 pounds. Other precious metals experienced slight increases, but all are heading for weekly losses.
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