The tag of gold this day within the prompt night trades

The tag of gold this day witnessed the prompt buying and selling within the local and world markets, amid the survival of gold high above 3630 bucks per ounce, and in Egypt the 21 -carat gold is buying and selling around 4900 and targeting 5,000 kilos with the persevered world upward push.

Abdel -Al Salima, Vice -President of the Gold Division, acknowledged that the fashioned heights recorded by the yellow metallic globally in fresh weeks contemplate the voice of anticipation within the markets of the US Federal Bank’s resolution on interest rates, noting that gold has benefited strongly from expectations by lowering interest as a result of of this train influence on the decline within the return on authorities bonds and the weakness of the buck.

Salima explained that the arena gold prices rose for the fourth week in a row, to chronicle the worth of the ounce historically at 3674 bucks, an develop of 1.6% genuine by the previous week, after buying and selling opened at 3591 bucks, and closed at 3643 bucks an oz, and added that the treasured metallic jumped since the starting of 2025 by about 40%, in one in all the absolute best historical upward push waves.

Gold prices this day

24: 5600 kilos per gram

21: 4900 kilos per gram

18: 4200 kilos per gram

Gold pound: 39,200 kilos

The tag of an oz of the arena gold increased genuine by the previous week by 1.6% to chronicle the absolute best historical stage at 3674 bucks an oz, after the week’s buying and selling used to be opened at 3591 bucks an oz to shut the session remaining week at 3643 bucks an oz, in step with the technical diagnosis of Pelion’s leather-basically based.

Gold has increased for four consecutive weeks to chronicle an develop of 40% since the starting of 2025, after the rising demand for gold in mild of expectations that the US Federal Reserve is on its technique to lowering interest rates at its subsequent meeting.

Gold achieves a huge income from lowering American interest, because it reduces the worth of yet every other opportunity for gold, since the decline within the return on authorities bonds and the decline in demand for the buck is mirrored positively on gold that doesn’t present a return to its holders.