Gold prices stabilized in morning trading today, Tuesday, May 19, and the price of 21 carat gold reached 760 pounds per gram, after the return of the price of an ounce of gold to decline after it recorded its highest levels in 7 years, and gold reached its peak yesterday in the goldsmithing market at 768 pounds per gram, but Prices took off Monday evening.
Gold prices after falling:
18 gauge 651.5 pounds per gram.
Caliber 21 recorded 760 pounds per gram.
Caliber 24 recorded 868 pounds per gram.
The gold pound is 6080 pounds.
An ounce of gold is 1735 dollars.
And gold prices recorded an increase of 8 yesterday due to the large increase in the price of gold ounces globally, and Ehab Wasef, Vice President of the Gold Division, said that the new price recorded in the gold market yesterday at 768 pounds per gram is the highest price recorded by gold in Egypt throughout history, indicating that This rise came as a result of a significant increase in the price of gold globally, reaching an ounce of $ 1765.
Gold gave up early gains on Tuesday to trade virtually unchanged below the peak of seven and a half years it recorded in the previous session, as risk appetite improved thanks to promising early data for a possible vaccine for Covid-19 disease.
By 0650 GMT, the spot price of gold was stable at $ 1731.50 an ounce, after rising 0.5 percent earlier Tuesday due to renewed US-China trade tensions and global stimulus measures. And US gold futures fell 0.1 percent to 1733.30 dollars.
Stephen Enns, chief market strategist at Axi Corp Financial Services, said that despite news of a potential Corona virus vaccine that has fueled stock market boilers, gold will continue to receive relatively high turnout given the “extremely massive” US Federal Reserve spending.
Palladium rose 0.7 percent to 2026.88 dollars an ounce, after jumping more than nine percent during transactions on Monday, and platinum fell 0.4 percent to 814.67 dollars, and silver fell 0.7 percent to 17.05 dollars an ounce, according to Reuters.