Gold prices rose in local markets today, Tuesday, due to the ounces’ prices increase by 3% in world exchange, recording $ 1807.
The rise of the gold ounces was supported by the decline of the US dollar, and bonds’ interest amid the release of inflation data in December. This data is highly anticipated by investors because it could support the US Federal move of increasing the interest rates.
Loutfy Mounib, the deputy head of the Gold Division at the Federation of Egyptian Chambers of Commerce, that gold prices rose by EGP 3 in local markets.
Mounib reflected that 21-karat recorded EGP 791, on the other hand, 24-karat was estimated by EGP 904.
He added that 18-karat was sold by EGP 678, and the gold pound reached EGP 6328.
Contributed by: Rana Atef
