settle The price of gold in the Egyptian market During today’s trading, Tuesday, April 28, with limited movements in global prices, coinciding with the continued gradual rise in the exchange rate of the dollar against the pound, which contributed to reducing the impact of the decline of the ounce globally.
Gold prices recorded:
– 24 karat: 7986 pounds
– 21 caliber: 6985 pounds
– 18 caliber: 5984 pounds
– Gold pound: 55,880 pounds
And he continues 21 karat gold price Moving near the level of 7,000 pounds per gram, after it regained its balance at the beginning of this week, following a limited decline during the past week.
A state of occasional movements prevails in the local market, as a result of the interplay of several factors, the most prominent of which is the decline in gold prices globally compared to the gradual rise in the price of the dollar locally, which leads to limited movements without a clear direction for prices.
And globally, Gold moves in a consolidation range For more than three weeks, between the levels of 4650 and 4750 dollars per ounce, in light of the fluctuation of the dollar and the markets’ anticipation of the US Federal Reserve meeting, in addition to following developments in the geopolitical situation.
This occasional pattern is expected to continue during the coming period, whether at the global or local level, with the price of 21 karat gold remaining near its current levels, in light of weak liquidity within the market and investors’ anticipation of global market trends.
