The decline in the dollar in Egypt is pushing the price of gold to stability and 21 karat at 683 pounds


The decline in the price of the dollar in Egypt over the past few days has stabilized the price of gold in Egypt today, Wednesday, despite the movement of international prices for the precious metal, rising from 1543 to 1552 dollars, in light of the global anticipation of the agreement between America and China.

And the 21-karat gold, which is the best-selling and most popular in Egypt, records 683 pounds per gram without workmanship, while the price of an ounce of gold has increased to 1552 dollars, but this increase has not affected gold prices in Egypt so far, which was attributed by observers of the goldsmiths market to the declining price of the dollar.

Gold prices today:

18 carat records 585 pounds per gram.

Caliber 21 records 683 pounds per gram.

Caliber 24 recorded 780 pounds per gram.

The gold pound today is 5464 pounds.

An ounce of gold is $ 1552.

Gold prices fell to their lowest levels in nearly two weeks on Tuesday as risk appetite improved due to Chinese economic data that came out better than expectations and the imminent signing of a preliminary trade agreement between the United States and China, according to Reuters

In another context, Dr. Wadih Anton, a member of the Precious Metals Division, believes that the stability of gold prices in Egypt will not last long, in the event of another rise in the precious metal globally, indicating that the yellow metal in Egypt is vulnerable to the occurrence of high prices during the coming hours, but he also sees That if an American-Chinese rapprochement occurs with regard to the commercial escalation between the two countries, prices are likely to fall globally and locally

Asian stocks rose on signs of goodwill between the two largest economies in the world as they prepare to sign an agreement that will represent a truce in the 18-month customs dispute that has turned the global economy upside down.

And the US Treasury dropped last Monday, describing China as a currency manipulator, indicating further improvement in relations

US Trade Representative Robert Lighthizer said the Chinese translation of the agreement has almost expired and will be announced before the signing ceremony on Wednesday.

But there are continuing concerns that this does not mark the end of the trade war that has troubled global markets for the past year and a half.

Data from China showed exports rose for the first time in five months in December, while imports also exceeded expectations.


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