Gold prices in the middle of the weekend trading

Gold prices in the middle of the weekend trading
Gold prices in the middle of the weekend trading
settled gold prices In Egypt, during the middle of trading today, Thursday, November 25th

Lightning gold prices In Egypt today:

21 karat about 787 pounds, and 18 karat about 675 pounds.

And 24 karat is about 899 pounds.. And the gold pound scored about 6.296 pounds.

Some citizens who wish to invest by buying gold wonder about the current time to buy gold locally, especially after gold prices in Egypt declined significantly during the last period.

Ihab Wassef, Vice President of the Gold Division at the Cairo Chamber of Commerce, said in previous statements to “Akhbar Al-Youm Gate” that so far there are no economic indicators that could affect global gold prices, and thus reflect them locally, so the time is currently very suitable for those who wish to buy gold.

Read also: The Gold Division of the Chambers of Commerce reveals the reasons for the high prices

Gold prices rose earlier this week due to the tendency of investors to invest in gold as one of the safe haven assets.

Despite this, prices fell ahead of the FOMC meeting, as investors waited for signs that the Federal Reserve would start reducing asset purchases, raising interest rates in the future, and then rising again as investors digested the FOMC results.

The US dollar index ended the week’s trading with a gain (+0.21%), amid many events affecting the market during the week.

The dollar fell at the weekend against its main competitors, then rose before the FOMC meeting, but trimmed its gains immediately after the meeting, as policymakers at the Federal Reserve assured markets that they will not be in a rush to raise interest rates even as the start of the end of the economic stimulus packages that they had It was approved to deal with the repercussions of the Corona virus crisis.

On Thursday, the dollar was boosted by strong US jobs data, and by investors buying stocks at lower levels following the Federal Reserve meeting.

At the end of this week, the dollar was virtually unchanged during Friday’s trading session, with the dollar posting losses in the late session roughly equal to the early gains it made before the strong US jobs report.

The Euro index was almost unchanged (+0.08%) as it was significantly affected by the strength/weakness of the dollar index during the week, and in contrast, the Sterling Pound fell by (-1.34%) on the back of the strong dollar, and against the background of the Bank of England’s continued tendency towards easing monetary policy , while keeping interest rates unchanged.

Read also Gold prices in the middle of Thursday trading | 18 caliber records 675 pounds

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