Gold prices in local markets retreated slightly during trading today, Thursday, amid relative stability for the ounce on the global stock exchange, while markets await the issuance of influential economic data to guide the US Federal Reserve's directions regarding the fate of interest rates during the coming period.
Saeed Embabi, CEO of the “iSagha” platform said that gold prices witnessed a decline by EGP 5 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3075, while an ounce declined to $2311.
He added that a gram of 24 karat gold recorded EGP 3514, a gram of 18 karat gold recorded about EGP 2636, and a pound of gold recorded about EGP 24600.
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