Thursday, January 16, 2020
I wrote – Sherine Salah:
Gold prices stabilized in the local market, during trading today, Thursday, at the same levels yesterday.
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, global gold prices fell on Thursday, after the appetite for risk rose due to optimism about a phased trade agreement between the United States and China, despite continuing concerns about fees and key unresolved issues, according to Reuters.
The spot gold fell 0.2% to $ 1552.22 an ounce, by 0619 GMT.