Gold price The price of gold today and the continuous fluctuation of prices || Wednesday, September 11 Prices fall locally and globally after peaking in six years

The price of gold is expected to reach levels close to $ 1800 an ounce, especially after successive highs and historic highs and frenetic buying on gold prices today. after the price of gold the previous days. At the start of the week, near the price of 1565 dollars an ounce on the world markets, which had a significant impact on lower prices in local markets in Egypt and contributed to lower prices for the world. Gold as well as the US dollar versus the British pound, hitting the highest price against the basket of foreign currencies. Be the extent of further hikes in local markets, the dollar has fallen against the pound in the previous two years, and although the yellow metal retains its status as the best refuge in the global economic uncertainty and the geopolitical conditions Bhoppe blunder.

You should know that the price of gold locally is determined by two factors that are not third to him, namely the next two to buy the precious metal to choose the right time to buy, so that the l? buying near the lowest price levels, the seller must also choose the right time to get the highest value in case the sale and the factors that control the price of gold locally are the focus of this report.

Reasons for the rise and fall of gold prices locally in the Egyptian market

As mentioned earlier, two factors have a direct bearing on the decline or increase in the price of gold on the local market in Egypt, but these factors are:

First: the price of gold in world markets and stock exchanges, determined by supply and demand and by global economic conditions, is generally rising at the time of economic and political crises, where the use of safe public and private keeps its value.

Second, the price of the dollar against the Egyptian pound, the price of gold increases with the price of the dollar against the pound and decreases its decline, because the price of gold in the world is valued in dollars.

Gold prices today in Egypt today without manufacturing

The largest countries in gold reserves

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The price of gold today in world markets

At the beginning of today 's highest gold prices in global markets, gold currently registers a price of $ 1503 an ounce and is expected to experience at price levels of up to $ 1,600. 39 ounce in the short term.