Gold continues to fall in Egypt and Gram loses 7 pounds once

2:49 p.m.

Friday, March 29, 2019

I wrote – Shaima Hafsi:

The price of gold in Egypt dropped on Friday, about 7 pounds from yesterday 's prices, due to lower metal prices globally.

The Najib club, secretary general of the gold merchants division of the Cairo Chamber of Commerce, told Lamraoui that the price of one gram of gold of 21 caliber had fallen during the day to 627 pounds, against 634 pounds yesterday.

The price of 18 pounds gold today fell to 537.4 pounds, 24 pounds to 716.6 pounds and the gold pound to 5016 pounds.

At 0620 GMT, spot gold was set at US $ 1,290.00, after falling by almost 1.5% in the previous session, the largest decline in the year. more than seven months.

The futures on gold futures futures fell 0.1% to $ 1288.70 an ounce.

The metal is on the verge of experiencing the first weekly decline in four weeks and has lost about 1.7% since the start of this month, Reuters reported.

And will record the worst monthly performance since last August, mainly due to the rising dollar and shares, reported Reuters.

The dollar is heading for the biggest monthly gain in five months, while Asian stocks have advanced on the hope that Washington and Beijing will progress in trade negotiations.

The world 's two largest economies began Thursday a new round of negotiations to end a one – year trade war.