18 Hrs
Source:
اليوم السابع
_1777352142843_145525226.png&w=64&q=75){kind=small}
_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352244987_250242181.png&w=3840&q=75)
Egyptian gold drops by 25 pounds
Gold prices in Egypt have decreased by approximately 25 Egyptian pounds during today's Thursday trading session, with the price of 21-karat gold recording around 6,280 pounds per gram. This decline is attributed to a drop in the global gold price to its lowest level since August, trading between approximately $4,066 and $4,084 per ounce. The decline comes amid concerns over inflation and rising oil prices, both of which exert additional inflationary pressures and diminish gold's appeal, since it does not offer periodic yields compared to income-generating assets. Additionally, the surge in oil prices to over $113 per barrel and the increase in the US dollar exchange rate to 54.60 pounds limit the impact of the global price decline, with support levels that may influence gold’s trend in the upcoming period likely to be identified soon.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)