Gold prices rose by EGP 3.5%, estimated by EGP 43, locally, in a week, as the yellow metal jumped by 5.3% in global markets, estimating $89. The gold recorded its highest performance in 30 months, recording $1771.
This increase took place after the release of the latest US data that showed a decline in inflation, therefore, the stress on the US Federal Reserve is relaxed.
Saied Embabi, the CEO of Isagha platform, said that 21-karat opened the transaction at EGP 1225, then it fell to EGP 1215, before jumping to EGP 1275, and closed the transaction at EGP 1271.
Embabi added that 24-karat reached EGP 1453, 18-karat hit EGP 1090, 14-karat was sold at EGP 848, and the gold pound was estimated at EGP 10168.
Contributed by Rana Atef
read more
Follow the latest news on Google News
