Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Gold Prices Stabilize, 21K Hits EGP 3650

Gold Prices

Wed 07 Feb 2024 | 08:46 PM
Waleed Farouk

Gold prices stabilized in domestic markets today, Wednesday, with a slight fall in gold ounce prices in international markets. This performance of gold came as the markets are anticipating the statements of US Fed officials about the directions of the US Fed monetary policies in the forthcoming period.

Saied Embabi, the Executive Director of Isagha platform, said that gold prices stabilized, today, in domestic markets, and the gram of 21-karat recorded EGP 3650, while the ounce hit $2033 in international markets.

Embabi added that the gram of 24-karat recorded EGP 4172, 18-karat reached EGP 3129, 14-karat estimated at EGP 2434, and the gold pound reached EGP 29200.

In the same context, the markets are expecting the statements of the Fed Reserves officials about the monetary policies by Tuesday.

Contributed by: Rana Atef