The price of gold today in the immediate evening trades – ryan

The price of gold today witnessed the immediate trading in the local and global markets, amid the survival of gold high above 3630 dollars per ounce, and in Egypt the 21 -carat gold is trading around 4900 and targeting 5,000 pounds with the continued global rise.

Abdel -Al Salima, Vice -President of the Gold Division, said that the standard heights recorded by the yellow metal globally in recent weeks reflect the state of anticipation in the markets of the US Federal Bank’s decision on interest rates, noting that gold has benefited strongly from expectations by reducing interest because of this direct impact on the decline in the return on government bonds and the weakness of the dollar.

Salima explained that the global gold prices rose for the fourth week in a row, to record the price of the ounce historically at 3674 dollars, an increase of 1.6% during the past week, after trading opened at 3591 dollars, and closed at 3643 dollars an ounce, and added that the precious metal jumped since the beginning of 2025 by about 40%, in one of the largest historical rise waves.

Gold prices today

24: 5600 pounds per gram

21: 4900 pounds per gram

18: 4200 pounds per gram

Gold pound: 39,200 pounds

The price of an ounce of the global gold increased during the past week by 1.6% to record the highest historical level at 3674 dollars an ounce, after the week’s trading was opened at 3591 dollars an ounce to close the session last week at 3643 dollars an ounce, according to the technical analysis of Pelion’s leather.

Gold has increased for four consecutive weeks to record an increase of 40% since the beginning of 2025, after the increasing demand for gold in light of expectations that the US Federal Reserve is on its way to reducing interest rates at its next meeting.

Gold achieves a great benefit from reducing American interest, as it reduces the cost of an alternative opportunity for gold, because the decline in the return on government bonds and the decline in demand for the dollar is reflected positively on gold that does not provide a return to its holders.