[ad_1]
Bakr Bahgat
Naguib, secretary general of the Gold Division of the Cairo Chamber of Commerce, said the price of gold had risen in a week between 30 and 40 pounds, an unprecedented leap in three years. The price of 21 carats today is about 685 pounds, compared to 650 pounds last Thursday.
Najib said in his statements to the portal, "Habi Journal," that these gold price hikes were supported by the high gains seen on international prices, with investors' growing appetite for the yellow metal.
The 18-carat gold rose from 557 last Thursday to 587 pounds today, up 30 pounds, while the price of 24 carats rose from 743 pounds last Thursday to 783 pounds today. , an increase of 40 pounds per gram.
Compared to yesterday's prices, gold prices fell about 4 pounds, while the 21 carats yesterday recorded about 689 pounds, with the changes seen in international prices, and the 18 carats of about 591 grams, while the price of 24 carats was trading yesterday at 787 pounds.
Overall, gold prices remained steady on Thursday, hovering around the significant psychological level of $ 1,500, fueled by uncertainties surrounding the US-China trade war and by a series of rate cuts. interest by global central banks, fearing an economic slowdown.
Faced with world prices last week, gold rose by about $ 55, reaching 1,445 ounces last Thursday, and was supported by US President Donald Trump's claims that he would impose tariffs additional imports from China, which increased the turbulence of the dollar and accelerated the rise in gold.
On other precious metals, silver rose 0.1% today to reach $ 17.11 an ounce, hovering near the highest level reached in more than a year, what I had already touched during the previous session.
Platinum rose 0.5% to $ 865.84 and palladium 0.7% to $ 1,424.64 an ounce.
Short link:
Source link
