Gold prices stabilized in the local markets during trading today, Thursday with a stability witnessed by the prices of ounces on the global stock exchange.
This came amid market anticipation for the release of the US personal consumption expenditures price index later today, to obtain clear indications about the US Federal Reserve’s directions regarding interest rates during the coming period.
Saeed Imbaby, executive director of the “iSagha” platform for gold and jewelry online trading, said that gold prices witnessed a state of stability in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 2210, while an ounce fell to 1944 dollars.
He added that a gram of 24 karat gold recorded 2526 pounds, a gram of 18 karat gold recorded about 1894 pounds, a gram of 14 karat gold recorded about 1474 pounds, and a pound of gold recorded about 17680 pounds.
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