Experienced gold prices The beginning of trading today, Wednesday, April 7, 2021 in Egypt, a remarkable stability until the formulation of these lines, after the international prices of gold recorded this morning a clear fluctuation between the rise and fall, and the price of 21 carat gold, which is the best-selling in Egypt, scored 759 pounds per gram.
Gold prices today in Egypt:
The price of gold in Egypt today is recorded at 650.75 pounds for 18 karat, and 24 karat gold is at 867 pounds per gram in today’s transactions, and the gold pound records 6072 pounds, and finally an ounce of gold settled at 1738 dollars.
The market is witnessing a state of instability globally and then locally, with change dollar price And the US Treasury yield, which makes the precious metal ever-changing, but the downward trend in US bond yields could push gold higher.
The past week witnessed a number of events that affected the price of gold, as oil managed to rise with OPEC + agreement to gradually increase production over the next three months.
Gold prices managed to rise and stabilize again above $ 1,700 levels, following US President Joe Biden’s announcement of a massive infrastructure spending plan that will be funded by increasing corporate taxes from 21% to 28%.
The American economy added 916 thousand jobs in March, and more than market expectations, while the reading for February was revised to 468 thousand jobs, and the unemployment rate came in accordance with expectations at 6%, which is the lowest level in nearly a year, and all these events painted features Gold price movement.