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Business and Finance
Reuters
Local gold prices in Egypt continued to rise during the current session on the third day of Eid al-Adha, reaching historic levels when it broke through the 700-pound barrier for gold. Gold of the 21-carat most prevalent.
The Naguib club, a member of the goldsmiths division at the Cairo Chamber of Commerce, said gold prices continued to rise during Tuesday's trading in the markets, due to rising prices. international awards on international stock exchanges.
He pointed out that gold had crossed the 700-pound mark in Tuesday's trading session. The 21 carats earned about 701 pounds, the 18 carats about 601 pounds and the sale of 24 carats at about 801 pounds and the pound at about 5608 pounds.
Wasfi Wbadef, head of the goldsmiths division of the General Federation of Chambers of Commerce, explained that rising gold prices during Tuesday's talks had several reasons, including the US-led trade war. and China.
The head of the division told the "Vito" portal in Egypt that the problems and protests that were spreading in Hong Kong, which resulted in the airport closure, have contributed to the rising prices today. hui.
Gold prices have reached their highest level in more than 6 years, as investors have abandoned their riskier badets for historical reasons, the turmoil in Argentina and fears of a global economic downturn.
Source: Vito
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