Wednesday 15 January 2020
I wrote – Sherine Salah:
Gold prices stabilized in the local market, during trading today, Wednesday, at the same levels yesterday, despite its rise globally.
Club Naguib, Secretary General of the Gold Division, Cairo Chamber of Commerce, told Masrawy that the price of a gram of 21-carat gold recorded today is 683 pounds, which is the same price yesterday.
The price of a gram of 18 carat gold reached about 585 pounds, the price of a gram of 24 carat to about 781 pounds, and the price of a pound of gold to 5464 pounds.
Globally, the price of gold rose globally on Wednesday, as investors sought safer assets in light of the uncertainty about the impact of the one-stage trade agreement between the United States and China, according to Reuters.
A US official said the duties imposed on Chinese goods will remain in force, according to the agency.
And gold increased in immediate transactions 0.3% to $ 1550.60 an ounce.