Gold prices rise 8 pounds .. And 21 carat records 800 pounds per gram

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The price of gold today recorded a significant increase in value of 8 pounds, due to the high price of gold ounces globally from 1772 to 1786 dollars, which was reflected in the price of gold in the goldsmiths market, to increase significantly, registering 800 pounds per gram of 21 carat, which is the best-selling in Egypt, to be this The price is the highest in the history of the precious metal in Egypt.

Gold prices after rising ..

Caliber 18: 686 pounds per gram

Caliber 21: 800 pounds per gram

Caliber 24: 914 pounds per gram

The gold pound: 6400 pounds

World price: $ 1786.

Ihab Wasef, deputy head of the precious metals division at the Chamber of Commerce, said that the global gold price recorded the highest price of gold since 2011, due to fear of the Corona virus, and locally the highest price point ever, pointing out that gold futures contracts recorded $ 1800.

The increase in new HIV infections in the south and southwest of the United States has caused concern for some dealers, but most investors are betting that this will not be enough to hamper a broader recovery in the global economy.

“The dollar will receive support against the yen if the US economic data comes out positive … The euro appears to be stable, but there are questions about Britain’s exit from the European Union and the pace of reopening the economy, which is,” said Shusuke Yamada, director of foreign exchange and Japanese equity strategy at Merrill Lynch Japan Securities. This means that the euro may be overvalued soon.

The dollar held steady against the euro on Wednesday ahead of data that is expected to show a continued recovery in manufacturing and employment activity in the United States from the impact of the economic shock caused by the Corona pandemic.

Britain’s GDP fell 2.2% in the first quarter of 2020, the biggest drop since 1979, according to data from the National Statistics Center. The center had previously expected GDP to decrease by 2% during the first quarter of the year.

A report published by the Financial Times showed that more than 3,400 companies filed for bankruptcy protection under Chapter 11 of the United States bankruptcy law, between the beginning of this year and June 24. The newspaper said that this number is the largest since 2013, as it approaches the 3491 companies that filed for bankruptcy protection during the first half of 2008 during the global financial crisis. Among those companies are the Canadian “Circus de Soleil”, the car rental company “Hertz”, and the drilling company for oil shale “Chesapeake Energy”.



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